It's interesting to see cryptocurrencies rebound after being oversold. When looking at the RSI settings with recommended values, you can see it turning upward from quite extreme levels. In particular, indicators related to altcoins are once again testing the highs from January.

During such periods, market sentiment tends to shift significantly. A rebound from an oversold signal is a typical scenario for technical traders. How the RSI settings are adjusted can also change the perception of timing.

The fact that altcoin season indicators are approaching the January high levels is drawing attention among market participants. Whether this will act as resistance or break through will likely become the next focus.