Oversold Conditions and Technical Reversal Signals: RSI is in the oversold range (0.00), indicating that the market may have been oversold, providing a basis for a technical rebound in the short term. The price is currently still above the 50-day and 200-day moving averages, which may provide short-term support to prevent further declines.
RSI (Relative Strength Index, 1 week): The current RSI is 0.00, in the oversold range (typically below 30 is considered oversold). This indicates that the market may have been oversold, with the possibility of a technical rebound in the short term.
