SSR RSI represents the Stablecoin Supply Ratio Relative Strength Index, a technical indicator that combines the Stablecoin Supply Ratio (SSR) with the Relative Strength Index (RSI). It assesses potential overbought or oversold conditions in the cryptocurrency market. This metric evaluates the strength of a price movement in relation to stablecoin liquidity.
Context
SSR RSI is utilized by some analysts to identify potential market turning points by examining the balance between stablecoin liquidity and market momentum. A low SSR RSI might suggest an impending upward price movement due to ample stablecoin purchasing power. Conversely, a high SSR RSI could signal an overextended market prone to correction.
A major on-chain indicator shows the total stablecoin supply has its highest relative buying power in over a year, confirming market liquidity is primed for deployment.
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