3 Oversold Altcoins That Could Bounce Back Soon

Several altcoins are flashing oversold signals after sharp declines, and three in particular—Solayer (LAYER), Biswap (BSW), and Voxies (VOXEL)—stand out as potential rebound candidates. LAYER is down 19% this week following a 45% crash, while BSW and VOXEL have each dropped over 15% and 25.5%, respectively.

All three tokens have RSI readings below 25, indicating extreme selling pressure. Their relative Strength (RS) metrics show they’ve underperformed the broader market. While a bounce isn’t guaranteed, these technical conditions often precede short-term relief rallies if sentiment begins to recover.

Solayer (LAYER)

Last week Solayer (LAYER) crashed 45% in a matter of hours, wiping out nearly $350 million in market cap and unraveling months of bullish momentum.

The drop was triggered by thin liquidity, cascading liquidations, and panic whale selling—just days ahead of a major May 11 token unlock of 26.5 million LAYER.

LAYER RSI and RS. Source: TradingView.

LAYER has been down 19% over the past seven days, and technical indicators point to severely oversold conditions. Its Relative Strength Index (RSI) currently sits at 23.35, well below the 30 threshold that typically signals oversold territory.

Meanwhile, its Relative Strength (RS) versus the broader market is at -0.47, showing LAYER is underperforming significantly compared to its peers.

This combination often precedes a short-term rebound, as excessive selling pressure may exhaust itself. While no bounce is guaranteed, the current setup suggests a potential relief rally if market sentiment stabilizes and buyers step in.

Biswap (BSW)

Biswap (BSW) is down more than 15% in the last 24 hours, facing sharp selling pressure amid broader weakness across mid-cap altcoins.

BSW’s Relative Strength Index (RSI) is currently at 23.95—well below the 30-level that signals oversold conditions. This indicates that the altcoin may be due for a rebound after aggressive selling.

BSW RSI and RS. Source: TradingView.

Its Relative Strength (RS) stands at -0.14, showing that BSW is slightly underperforming compared to the broader market, but not drastically.

This combination—deeply oversold RSI and moderately negative RS—often marks a short-term capitulation point. If broader market sentiment improves or buyers step in at these depressed levels, BSW could see a relief rally, especially as short-term traders look to capitalize on mean reversion.

Voxies (VOXEL)

Voxies (VOXEL) is the native utility token of Voxie Tactics, a free-to-play, retro-inspired 3D tactical RPG that blends classic turn-based mechanics with modern features.

VOXEL is currently down 11% in the last 24 hours and 25.5% over the past week, with its market cap hovering around $16.7 million. The Relative Strength Index (RSI) has dropped to 24.9, signaling that the token is in oversold territory and may be nearing a technical rebound point.

VOXEL RSI and RS. Source: TradingView.

Additionally, its Relative Strength (RS) versus the broader market stands at -0.2389, suggesting that VOXEL has underperformed but not severely lagged behind other assets.

This combination—deep RSI and moderate underperformance—often creates conditions for a short-term bounce, especially if selling pressure eases or player engagement increases.