Santiment Pointed to Six Altcoins: "Three Give Bullish Signals, Three Give Bearish Signals!"

Popular cryptocurrency data analysis platform Santiment continues to shed light on investors and the market with its Bitcoin (BTC) and altcoin analysis.

Drawing attention to six altcoins at this point, Santiment said that these six altcoins should be watched.

Santiment also examined the Relative Strength Index (RSI) Indicator of these altcoins and ranked the altcoins giving bullish and bearish signals based on RSI.

According to Santiment, Elrond (EGLD), Arware (AR) and BONK, which are among the top 150 cryptocurrencies, give bullish signals, while Maker Dao (MKR), Venus BNB (vBNB) and Sei (SEI) give bearish signals.

“While the RSI Indicator shows that altcoins such as Elrond, Arware and Bonk are likely to rally, it signals that altcoins such as Maker, Venus BNB and Sei are likely to decline.

At this point, the six altcoins that are among the top 150 cryptocurrencies according to RSI and give bullish or bearish signals can be listed as follows:

Altcoins giving bullish signals: EGLD- RSI 22.68 AR- RSI 29.07 BONK- RSI 31.15

Altcoins giving bearish signals: MKR-RSI 75.02 vBNB – RSI 74.63 SEI-RSI 72.41 “

📊 According to the Relative Strength Index, a TA momentum oscillator, here are the 3 most #bullish & #bearish divergences among top 150 #altcoins.

Bullish
🐂 $EGLD 22.7 RSI
🐂 $AR 29.7 RSI
🐂 $BONK 31.1 RSI

Bearish
🐻 $MKR RSI
🐻 $vBNB RSI
🐻 $SEI RSIhttps://t.co/UnaNNksWFh pic.twitter.com/gJKi5rCQQb

— Santiment (@santimentfeed) January 8, 2024

*This is not investment advice.