Bitcoin, Ethereum, and Solana have entered a rare MA200 Z-score oversold zone, indicating market positioning exhaustion rather than new downside momentum. This statistical extreme suggests systemic fear and reduced selling pressure, as noted by market analysts. Historically, such deviations often precede stabilization and medium-term trend rebuilding phases.
Bitcoin's Z-score has reached nearly negative three, marking an extreme deviation from its 200-day moving average. Ethereum and Solana also show significant oversold conditions, with Z-scores near negative one point five and negative two, respectively. Analysts highlight that these levels often signal a shift towards consolidation phases, as seen in previous market cycles.
Bitcoin, Ethereum, and Solana Hit Historic MA200 Z-Score Oversold Levels
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