IoTeX Crypto's RSI Hits Overbought Territory Amid Broader Market Volatility

IoTeX crypto has found itself in an uncomfortable position on August 9, 2026. The daily momentum is strong and concentrated on higher timeframes, but the broader market refuses to cooperate.

The daily RSI prints a high reading of 75.77, signaling overbought conditions inside a neutral daily regime. This creates tension between momentum and structure, with the potential for mean reversion taking hold.

The Fear & Greed Index stands at 31, indicating fear-dominated tape with collapsing volume. Bitcoin dominance is still above 56%, showing capital remains concentrated in majors, leaving mid-cap altcoins to move on isolated flow.