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Several altcoins are showing extreme RSI readings on their 1-hour charts, signaling potential reversal opportunities or consolidation zones worth monitoring.
Tokens flashing overbought conditions: ASR, LIGHT, BEAT, RAVE, NIGHT, ICNT, FHE, ALPINE, CYS, RESOLV, USELESS, TA, BLUAI, SOMI, AVNT, GPS, PORTAL, SAHARA, ZKJ
When RSI pushes beyond 70 on shorter timeframes like 1h, price action often encounters resistance or pullbacks. These coins might face near-term profit-taking or consolidation. Traders typically watch for RSI divergences or candlestick rejections at these levels to confirm reversal signals. On the flip side, oversold conditions (RSI below 30) can sometimes present bounce opportunities, though confirmation remains crucial before entry.