Looking at the trend of altcoins, the RSI indicator has already hit a historic low, and more painfully, there are no signs of bottoming out yet. The technical fundamentals of these small coins continue to deteriorate, and selling pressure is quite heavy.

From the data, oversold signals are already extremely obvious. Most altcoins' relative strength index has reached unprecedented lows, and the process of making new lows is still ongoing, with no clear signs of a rebound.

What does this reflect? Continuous outflow of funds, severe lack of market confidence, and complete technical breakdown. For those still holding positions, it's time to seriously assess your risk exposure.