The cryptocurrency market has been on a rollercoaster ride lately, especially after experiencing a significant correction from September 18 to 25. The total market capitalization took a hit, losing over $425 billion during this period. This downturn prompted a wave of liquidations and heightened investor anxiety, stirring renewed fears about the bull market many are hoping for in 2025. By last week, the crypto landscape plunged to a low of $3.66 trillion, but recent trends are showing signs of a modest recovery.
Since September 26, the net value of cryptocurrencies has increased by 4.94%. This uptick signals a potential bounce-back from the correction experienced just days prior. As investments in crypto begin to stabilize, many are cautiously optimistic about a rebound in the market.
Bitcoin has seen a nearly 5% increase since the 25th, a positive development that contributes to the overall optimism in the market. However, it’s the altcoins that are showing even more remarkable recovery rates. Ethereum (ETH) has surged by 8.23% during the same timeframe, while other prominent cryptocurrencies like XRP and SOL are displaying comparable upward trends.
Despite this recovery, some altcoins are still on the brink of oversold conditions as reflected by the Relative Strength Index (RSI). This suggests they might be primed for a short-term rebound if liquidity returns to the market. To mitigate volatility, we will focus on projects with market caps greater than $1 billion.
Trump Token (TRUMP)
The Trump Token, a recently launched memecoin, faced harsher corrections compared to many other currencies last week. By September 22, sellers pressured it to drop from $8.42 to $6.89 in a single day. Although buyers managed to push the token back above the $7 mark, the bullish momentum has yet to be felt in this “Presidential” cryptocurrency.
On the daily timeframe, the TRUMP token registered a 30 RSI, placing it in the ‘oversold’ category as of the 25th. While it temporarily had an RSI of 32.22, caution should be exercised when considering any investments in this niche market. Investors may want to remain skeptical, especially since both Trump-related projects have recorded losses, with TRUMP falling over 20% since its peak.
Uniswap (UNI)
Another significant player near the oversold threshold is Uniswap’s governance token, UNI. Since September 18, it has seen declines exceeding 21%, currently trading around $7.43. The token entered the oversold range on the 25th and remains there with an RSI of 30.87.
This downturn in UNI was exacerbated by community concerns over governance. A public discussion on Twitter between Uniswap founder Hayden Adams and Arca’s CIO Jeff Dorman highlighted criticisms regarding the absence of clear revenue-sharing mechanisms, intensifying selling pressure. Should these criticisms lead to tangible improvements in governance, it could potentially reignite interest in UNI.
PI Network ($PI)
Once positioned as one of the more hyped altcoins of 2025, the Pi Network is now trading 90% down from its all-time high. Despite an early September upgrade aimed at enhancing security and scalability, the coin has struggled to gain traction this year.
With trading volume remaining consistently low—under $100 million daily for the past three months—PI is now one of the poorest performing currencies among the top 100, just barely above the infamous memecoin, “Fartcoin.” The token has hovered near oversold territory for days. While it may be due for a rebound, its shaky past makes it a risky choice for short-term investment.
Toncoin (TON)
Toncoin, the native token of Telegram’s TON Foundation, is similarly facing a tough market. Down 14.8% since September 18, it has encountered substantial selling pressure. The token’s price stabilized around $2.70, which has served as a support level in recent trading.
On the RSI scale, TON has been in the oversold zone since September 22. Although it briefly attempted to regain momentum, it continues to trade below the critical 20-day SMA. If the crypto market experiences an upward shift soon, an influx of liquidity could be just what TON needs for a turnaround.
RSI By Itself Doesn’t Mean Much
It’s essential to remember that the RSI indicator, while valuable for gauging momentum, doesn’t in itself guarantee a price reversal. An oversold condition does not necessarily equate to being undervalued; it simply indicates that an asset has experienced a significant drop over a given period.
To better assess whether an asset is on the verge of a rebound, it’s advisable to pair the RSI with other technical indicators and analysis tools. For those keen on daily insights, we regularly publish price analysis articles that can offer deeper perspectives.
In addition to trading opportunities, various platforms incentivize user engagement. For instance, BloFin is currently hosting a September event where participants have the chance to earn cash-equivalent bonuses and even luxury prizes like an iPhone 15 or an Omega watch.
