The Monthly RSI Is Flashing an Extreme Signal: 4 Altcoins Traders Could Be Watching This August

• Momentum across Aptos, Sui, and Sei has weakened together this August, suggesting the pressure reflects broader market sentiment rather than issues specific to any single token.
• NEAR Protocol's rising stablecoin activity shows that on-chain growth does not always move in step with short-term price momentum.
• Hedera's transaction records and ETF-related disclosure highlight how fundamentals can diverge sharply from the technical picture during periods of broad market weakness.

Momentum indicators across several mid-cap tokens have weakened noticeably this August, and traders who follow the Relative Strength Index are taking notice. The monthly RSI, a slower-moving version of the popular oscillator that smooths out daily price swings, has slipped toward stretched territory for a group of Layer-1 and infrastructure tokens.

Historically, similar momentum readings on other assets have preceded periods of stabilization, though results have varied depending on wider market conditions. What follows is a general look at where five closely watched tokens stand as sentiment shifts through the month.

… Continue reading the full article at the original source below.