The crypto market is edging higher, but its total market capitalization of $2.32 trillion is being tempered by extreme fear as measured by a Fear & Greed Index reading of 25.
This neutral regime on the daily chart suggests that neither bulls nor bears have seized control, and historically, such neutrality often resolves downward more often than traders anticipate.
The RSI on the daily chart is at 59.88, sitting below the overbought threshold of 70, but its context reshapes interpretation: if broader sentiment deteriorates further, there's ample space for the RSI to roll over before approaching overbought conditions.