Crypto Market Sees Bullish Signs Amid Overtaken Sentiment

Bitcoin rebounded last week after finding support at its double-bottom formation near $58,000. Despite this recovery, the daily RSI remains below the 50 mark, indicating a broader negative momentum. The Stochastic Oscillator is also in overbought territory at 89, which may lead to selling pressure near the $64,100 resistance level.

Ethereum found support at its double-bottom formation near $1,505 and has rebounded sharply. The daily RSI has crossed above the 50 mark, reflecting improving bullish momentum. However, the Stochastic Oscillator is in the overbought zone at 90, indicating a possibility of short-term profit booking.

Solana gained attention due to celebrity-linked meme coin launches and continues to show bullish technical strength. The daily RSI stands at 57, reflecting positive momentum, while the Stochastic Oscillator at 82 indicates an overbought condition. A brief phase of profit booking is likely near the $87 resistance level.