While the crypto market continues to grind through turbulent conditions, a few altcoins have plummeted so sharply that they’re now flashing strong oversold signals. Technical setups suggest a short-term bounce could be on the horizon—especially for tokens that have been hit hardest in recent days. Among them, Solayer (LAYER), Biswap (BSW), and Voxies (VOXEL) are beginning to attract attention as possible rebound plays.
Each of these projects has experienced significant price drops over the past week, pushing key indicators like the Relative Strength Index (RSI) well into oversold territory. While this doesn’t guarantee a reversal, these are precisely the types of setups that often precede quick relief rallies when market sentiment starts to shift.
Solayer (LAYER): After the Crash, a Glimmer of Hope?
Solayer had a brutal week—there’s no sugarcoating it. The token nosedived by 45% in just a matter of hours, a plunge that erased hundreds of millions in market cap. Now sitting 19% lower on the week, LAYER appears to be reeling from a combination of thin liquidity, heavy liquidation events, and some panic selling from large holders. All this chaos unfolded just before a major token unlock on May 11, when 26.5 million LAYER hit the market.
Currently, LAYER’s RSI sits at an extremely low 23.35—far below the common oversold threshold of 30. That kind of reading suggests the selloff might be reaching exhaustion levels. Adding to the case for a short-term bounce is the token’s Relative Strength (RS), which is now -0.47 compared to the broader market—signaling LAYER is underperforming significantly.
While investors should remain cautious in volatile conditions, such heavily discounted assets can attract opportunistic buyers looking for a quick rebound.
Biswap (BSW): Beaten Down but Not Out
Biswap, the decentralized exchange token, has faced its own bout of extreme selling, plummeting over 15% in just 24 hours. It hasn’t escaped the mid-cap altcoin slump, and its price action reflects that. Yet, there are reasons to keep BSW on your radar.
The token’s RSI currently clocks in at 23.95, signaling that sellers have pushed it into deeply oversold territory. Meanwhile, BSW’s RS is slightly negative at -0.14, suggesting it’s underperforming, but not drastically so. That moderation could make it a more stable candidate for a bounce compared to assets with steeper market divergence.
Should market sentiment brighten—even temporarily—BSW could benefit from a mean reversion move, offering upside potential for short-term traders hunting for quick reversals.
Voxies (VOXEL): Gaming Token Finds Itself on the Back Foot
VOXEL, the native token of the Voxie Tactics RPG game, is also showing signs of technical weakness—but not without some potential upside. Down 11% in the past day and 25.5% on the week, the token’s total market cap has slipped to around $16.7 million. Despite its recent struggles, VOXEL’s fundamentals remain tied to an engaging blockchain gaming project with a loyal user base.
The RSI for VOXEL has now sunk to 24.9, suggesting the selling pressure may be nearing its limit. On top of that, its RS value stands at -0.2389—signaling it’s lagging behind the broader market but not catastrophically.
Tokens like VOXEL, connected to gaming and digital engagement, often attract speculative attention once price bottoms begin to form. With RSI this low and broader market fatigue potentially easing, VOXEL could be positioned for a technical bounce, especially if interest in Web3 gaming picks up again.
Bottom Line
Extreme volatility often creates short-term opportunities—and these three tokens, while deeply battered, are beginning to flash early signs of potential recovery. While investors should approach any bounce play with caution, the oversold conditions on LAYER, BSW, and VOXEL make them worth watching. If market conditions stabilize, a wave of dip buyers could test the waters. Just remember: rebounds may be quick, but the risks remain high—so trade wisely.
