According to Bithumb statistics, Tether (USDT) accounts for 15% of buy-in share, ranking first. Followed by USD Coin (USDC) at 14%; Ethereum Classic (ETC) at 12%; Ethereum (ETH) at 10%; and Ripple (XRP) at 9%, collectively leading in buy-in. The market shows a steady buying trend centered around stablecoins and major mainstream coins.
Based on Bithumb’s Relative Strength Index (RSI) data, as of 11:53 AM that day, Solv Protocol’s RSI is 7.62%, and it is believed to have entered the oversold zone.
Bithumb / Market Dynamics
Additionally, multiple tokens such as Flow, Mantle, Resolve, and Zircuit remain in the oversold zone with RSI below 30. Especially, Solv Protocol’s RSI has dropped to the low single digits, prompting market discussions about the possibility of a short-term technical rebound.
RSI (Relative Strength Index) is a technical analysis indicator that quantifies the relative strength of recent 14-day price increases versus decreases. Typically, an RSI below 30 is interpreted as an oversold condition. Bithumb’s RSI is calculated based on a simple moving average.
[This article does not provide financial advice; investment results are the responsibility of the investor.]
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