Update of my Indicator – December 24, 11 AM

Base: Weighted average of the RSI across multiple timeframes, with greater weight on shorter periods.

Average of all cryptos: 40 (drop compared to yesterday, which was 41 → market is bearish).

Interpretation:

>50: bullish trend

<50: bearish trend

≈50: neutral

Overbought/oversold limits (general average base = 40):

Overbought: 40 + 20 = 60 (e.g., PAXG and SKY; PAXG drops slightly due to being backed by gold)

Oversold: 40 – 20 = 20 (none currently)

Cryptos by Score

PAX Gold (PAXG) – 72

Sky (SKY) – 65

Chiliz (CHZ) – 53

Zcash (ZEC) – 51

TRON (TRX) – 49

Bitcoin Cash (BCH) – 49

Curve DAO (CRV) – 49

Sun (SUN) – 49

Uniswap (UNI) – 46

Toncoin (TON) – 45

Litecoin (LTC) – 43

Ethereum (ETH) – 43

Bitcoin (BTC) – 42

BNB (BNB) – 42

Dogecoin (DOGE) – 40

XRP (XRP) – 39

Stellar (XLM) – 39

Chainlink (LINK) – 39

Solana (SOL) – 37

Cardano (ADA) – 36

Render (RENDER) – 34

Worldcoin (WLD) – 34

Polkadot (DOT) – 33

Celestia (TIA) – 33

Ondo (ONDO) – 32

BitTorrent (BTTC) – 32

Bittensor (TAO) – 30

Aave (AAVE) – 30

Official Trump (TRUMP) – 28

Pump.fun (PUMP) – 27

Summary and Comments

Overall market: bearish (average 40)

Strong altcoins: PAXG, SKY, CHZ, and ZEC stand out

Big caps (BTC, ETH, BNB): still below 50 → neutral/bearish trend

Oversold: none; TAO and AAVE close to 30, but far from the entry level (20)

Overbought: PAXG and SKY → attention to possible corrections, especially SKY

Insight: Despite the peaks of some altcoins, the overall low average indicates the market is still bearish, so entries should be gradual and focused on strong or backed assets.