$XRP, $AAVE and other altcoins are considered 'underbought' as altcoin market slightly recovers
1inch token also remains among the"underbought" leaders with a major one-day divergence on MVRV.
While the majority of crypto assets remain underbought, there are some positions on the market like Fantom, which could be considered slightly overbought on the six-month MVRV divergence or simply in the long term.Santiment's chart calculates how far each asset is from its normal state. Each MVRV timeframe is being blended together for measuring the percentage distance, which allows telling if an asset is overbought or undersold.
According to historical data, the indicator could be considered successful since it accurately predicted almost every top and bottom that ever appeared on the market.
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