CryptoQuant Analyst: The crypto market enters oversold range after a significant pullback

CryptoQuant analysts suggest that the market has entered an oversold range after a significant pullback. Even without further drastic declines, the selling pressure in the market has been fully released, making it a favorable area for potential rises without needing further substantial drops.

Oversold is a term in technical analysis referring to when an asset or market has been excessively sold due to continuous decline, causing its price to fall below its reasonable or historical average level.