A reading above 70 is often erroneously taken to represent overbought conditions and a sign of an impending bearish reversal. However, per technical analysis textbooks, an above-70 RSI, especially on longer duration charts, suggests bullish momentum is strong and the asset could continue to rally in the weeks ahead, similar to what happened in 2019 and 2020.
Friend.Tech’s Native Token FRIEND Tanks to $2.5 After Airdrop
"Most users got 10x less airdrop than what they were expecting, so they are not even claiming that airdrop, as...