The cryptocurrency market has seen strong revisions since September 18th. Overall, the total crypto market capitalization total of over $425 billion on September 18-25 sparked new fears about liquidation, investor anxiety and the lifespan of the bull market in 2025.
After losing market capitalization by $3.66 trillion last week, the code landscape is seeing a modest yet much-needed recovery. The net value of cryptocurrency has risen 4.94% since September 26th, and Crypto supports the idea that it will recover from last week’s revision.
Total crypto market capitalization | 4H
Bitcoin itself has increased by nearly 5% since the 25th. Meanwhile, altcoins appear to have responded more positively to the rise in market activity over the past few days. Ethereum (ETH) is up 8.23% over the same time frame, while other currencies like XRP and SOL have posted similar trajectories.
ETH/USD -COINBASE | 4H
Among the potential recovery efforts, some altcoins are hovering near territory sold on the Relative Strength Index (RSI), suggesting that liquidity may be ready for short-term rebounds.
PS: To avoid volatility, we will only consider projects with market capitalizations of over $1 billion.
Playing cards token (playing cards)
President Mimecoin went down last week, taking a more harder blow than most of the market’s currencies. By September 22nd, the currency faced strong sales pressure, with Memecoin moving from $8.42 to $6.89 per day.
Buyers were able to return the token price to more than $7, but bullish momentum has yet to hit Donald Trump’s official memo coin project.
In the daily time frame, $Trump touched on the 30 RSI “overselling” threshold on the 25th. Since then, the currency has still hovered in that zone, currently at 32.22 RSI.
Since WLFI tokens entered the market last month, both Trump-related projects have been collecting losses. WLFI has dropped by around 14% since its debut, but $Trump saw a loss of over 20%.
So, while RSI may be oversold here, the best action to bet on the “President” cryptocurrency is to proceed with caution.
uniswap (uni)
Uniswap’s government token ($uni) is another Altcoin that is close to the “sold” level of RSI. Tokens have fallen by more than 21% since September 18th, and are currently trading at $7.43 per coin.
Uni entered the territory officially sold on the 25th. Five days later, the currency is still hovering in that zone to 30.87 RSI (on the daily chart).
In addition to the overall sentiment of the market, Uniswap also faced a backlash against community governance, adding weight to the selling pressure on tokens. On September 22, UNISWAP founder Hayden Adams and Arca CIO Jeff Dorman were exposed to public discussions on Twitter after Dorman criticized the project for lack of a clear revenue sharing or buyback mechanism.
Ultimately, $uni is a token governed by the community. If criticism leads to meaningful changes in how revenues are shared among token holders, it could launch a new wave of market interest and performance.
PI Network ($PI)
At one point, one of the hyped altcoins of 2025, the PI Network has seen a better day. The currency is currently over 90% from its February height, trading in most trends of the year despite the overall market gaining value.
The project launched a V23.01 MainNet upgrade in early September, improving network security, scalability and transparency. However, the PI has not yet responded to updates positively.
What’s even more obvious is that it’s difficult for a project to face volume. Over the past three months, the currency has barely infringed $100 million in daily trading volumes. According to CoinMarketCap, $PI is the second performance currency from the top 100 coins in the platform, barely bordering the memo coin “Fartcoin”.
PI has been approaching a very overselling level for the past eight days. While it appears that the currency can see the rebound, its past performance is a very dangerous candidate for short-term accumulation.
Toncoin (Ton)
The native tokens from Telegram’s Ton Foundation are another coin that saw a better day. The currency, which has fallen 14.8% since September 18, has faced sales pressure in the past few days.
Ton’s bleeding appears to have stopped near the $2.70 zone, the price action margin that has served as support in recent moves.
Altcoin has been selling too much since September 22nd, and despite a brief attempt to regain momentum, it continues trading below the 20-day SMA. However, if the crypto market moves over the next few days, it could be what liquidity pumps need to get out of the red zone.
RSI itself doesn’t really make much sense
As a reminder, the RSI indicator is great for assessing the momentum of an asset, but does not guarantee a price reversal. Overselling is unlike “undervalued,” which simply means that recent assets have declined more than usual.
To truly understand whether an asset is ready for rebound, you need to combine RSI with other metrics and technical analysis. We will be posting daily price analysis articles around this area, so please look forward to it.
In addition to trading opportunities, certain platforms add additional incentives. BrophinFor example, we’re running a September event where users can move from cash-equivalent bonuses to premium rewards such as the iPhone 15, Apple Vision Pro and the gorgeous Omega Watch for top tier participants.