#REVABinanceTGE RSI Analysis on Hourly Frame:
The Relative Strength Index (RSI) is one of the technical tools used to determine whether a currency is in an overbought or oversold area. On the hourly frame, if the RSI value is above 70, it indicates that Solana may have entered an overbought area, suggesting that the price may face a correction or a decline soon. Conversely, if its value is below 30, it indicates overselling, meaning the market may have sold too much, creating a potential opportunity for an upward move.
If the RSI is between 30 and 70, it means the market is in a normal movement state without significant declines or sharp rises. Therefore, monitoring the RSI movement on the hourly frame is important for accurately determining entry and exit points in fast-moving markets like the Solana market.