Analysts Identify Oversold Altcoins with 20–30% Rebound Potential as Market RSI Hits 28

The broader cryptocurrency market is exhibiting intense oversold conditions, with the average altcoin's monthly Relative Strength Index (RSI) sliding to a rare reading of approximately 28. Analysts highlight that this extreme level, particularly when measured against gold, signals a potential cyclical low and sets the stage for a corrective recovery.

Market observers point to several altcoins with superior technical structures that are uniquely positioned for potential stabilization or gains. Shiba Inu (SHIB), Binance Coin (BNB), Pepe (PEPE), Gigachad (GIGA), and Turbo (TURBO) are noted for their resilience and potential for profitable rebounds. Analysts suggest that if market momentum shifts positively, these tokens could see gains ranging from 20% to 30% in the short term.

Concurrently, Bitcoin (BTC) is showing a bullish divergence pattern, where its price forms lower lows while its RSI momentum waves generate higher highs. This technical setup indicates potential upward pressure for BTC, which analysts believe could catalyze a broader market movement benefiting altcoins.

Other altcoins demonstrating strong fundamentals and technical strength in this environment include Solana (SOL), Tezos (XTZ), LayerZero (ZRO), Uniswap (UNI), and SPX6900 (SPX). SOL is noted for exceptional on-chain activity, XTZ for outstanding stability, ZRO for groundbreaking cross-chain potential, UNI for phenomenal DEX resilience, and SPX for innovative derivatives market exposure. Investors are advised to monitor momentum waves and on-chain metrics to identify strategic entry points.