The market today is experiencing a slight decline, however, this could represent an excellent opportunity for new investments in certain assets.
One example is the coin $ALICE , which is showing signs of forming a possible price base at the moment, as evidenced by the Relative Strength Index (RSI) indicator reaching the oversold level on the one-hour chart ( 1H).
On the daily chart (1D), we observe that the asset found support at the 26-period Exponential Moving Average (EMA), which may indicate a good entry point.
Another example is the $ALGO coin, which follows a similar pattern. On the hourly chart, we have also reached the oversold level on the RSI, and on the daily chart, the asset is using the 26-period EMA as support.
Several other currencies are showing similar movements. An example is $YGG , which, on the daily chart, is using the 12-period EMA as support.
$SOL is demonstrating support at $102 on the daily chart.
As for ATOM, it has reached the oversold level on the RSI of the one-hour time frame.
All of these signs could indicate the last favorable entry opportunity before the arrival of Altseason, a time when altcoins outperform Bitcoin.
