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Cryptocurrency markets may be at a major turning point. With the weekly RSI reaching extreme oversold levels not seen since 2020, and the 300-week EMA functioning as a key support, attention is turning to several altcoins.
Currently, trading volume is subdued, but this makes technical setups even more important. Specifically, five coins suggest a potential rebound of over 20%.
Algorand has been steadily trading within a support range for several months, indicating a possible rebound from the extreme oversold condition of the weekly RSI. Currently at $0.11, if buying pressure returns, it could test higher levels.
Qubic is trading within contracting bands, which technically indicates high energy accumulation. Breaking above the short-term resistance at $1.12 could trigger movement.
Celestia’s modular blockchain design is innovative and well-regarded. Currently at $0.36, a breakout above $0.18 could generate momentum toward $0.22. This movement would represent over a 20% increase.
Aptos is showing early signs of resistance around $7.60. At $0.96 now, considering the oversold weekly RSI, there is room for a rebound. A sustained breakout could test up to $9.00, representing a significant upward move.
Regarding Pi Network, liquidity is gradually improving, maintaining a range around $0.025. Currently at $0.17, considering PI’s market cap, a recovery from the extreme oversold weekly RSI may be limited. However, network participation continues to grow, providing fundamental support.
Overall, if the market stabilizes, these altcoins have the potential for rebounds. However, it’s important to remain cautious and confirm price movements.