Altcoins Show Signs of Exhausted Selling as LINK, SEI, and SUI Stabilize
Crypto markets enter the weekend with simmering volatility. Bitcoin holds above critical support, absorbing short-term sell pressure, while XRP maintains stability. Three large-cap altcoins—Chainlink (LINK), Sei (SEI), and Sui (SUI)—now trade at levels historically signaling late-stage distribution, not fresh downtrends.
Weekly Relative Strength Index (RSI) readings hover in oversold territory: LINK at 38, SEI at 32, and SUI NEAR 34. These metrics suggest selling pressure is fading, not accelerating. Momentum compression, rather than collapse, dominates price action as longer-term buyers emerge near support zones.
Market structure mirrors past bottoms where marginal sellers exhaust themselves. While RSI doesn’t yet confirm bullish momentum, the absence of aggressive selling at current levels hints at potential rebounds. Bear markets rarely begin with such muted downside energy.
