The phrase "oversold territory" means that a particular asset or investment has experienced a significant decline in price or value, to the point where it is perceived as being undervalued. Full definition
While bitcoin hasn't yet broken below its 2018 low from back in February, Ether has continued to extend its declines to fresh 2018 lows, underperforming against its older cousin and dropping deep into oversold territory on the daily chart. (fxstreet.com)
Monero plunged as low as the $ 240 support overnight, and the short - term momentum is now in oversold territory, pointing to a possible durable bottom. (hacked.com)
If we look at the RSI we can see divergence and that we are trying to get out of oversold territory following the last few weeks» consolidation. (financemagnates.com)