CryptoQuant Analyst: Crypto Market Enters Oversold Area After Significant Pullback

BlockBeats News, March 13th, a CryptoQuant analyst stated, "After a sharp pullback, the market has entered oversold territory. Even without further drastic declines, selling pressure in the market has been sufficiently released, making it a favorable area for potential upside without the need for further significant drops."

Oversold is a term in technical analysis that refers to an asset or market being excessively sold off due to continued downward pressure, causing the price to fall below its reasonable or historical average levels.