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The recent altcoin market is showing interesting technical movements. Looking at the 4-hour RSI, several coins seem to have entered the oversold zone.
SNX has dropped to 38.44, entering a weak range. GLM is even lower at 29.37, indicating an oversold condition. PEPE is also in a weak zone at 39.08. Especially for GLM, this might be a phase where a rebound could occur.
An RSI below 30 often signals a buying opportunity, and even below 40 is a warning sign that downward momentum may continue. Many people are probably monitoring these coins, but chart confirmation is essential. It depends on traders' judgment, but such phases tend to be highly volatile, so caution is advised. ⚔️