Traders often encounter mentions of RSI and MACD, but the true significance and application of these indicators can be elusive to many.
These technical analysis instruments serve as valuable aids in deciphering the price behavior of digital assets.
The Relative Strength Index, commonly known as RSI, is a momentum oscillator that measures the velocity and magnitude of directional price movements.
It operates on a scale from 0 to 100:
When the RSI approaches 70, it might suggest that the asset is entering overbought territory.
Conversely, an RSI nearing 30 could indicate that the asset is potent

According to recent reports, Irene Zhao addressed concerns on an X Space discussion, asserting that she had no deliberate intention to promote fraudulent meme coins.
Zhao explained that some of the meme coin projects that faced criticism in the past had also misled the project's business development team, emphasizing that any involvement was unintentional.
In the aftermath of these incidents, Zhao stated that security awareness has been significantly enhanced. She emphasized that she personally did not derive any additional income from these situations. Expressing remorse for past mistakes, Zh