ACMI Crypto Market Breadth Oscillator chart combines the ACMI Index with a custom-built Breadth Oscillator based on Relative Strength (RS). It gives an instant read on market participation — telling you whether a majority of top cryptos are rising together, or if leadership is narrowing.
You can think of it as a Relative Strength-based version of RSI, but applied to the entire market instead of a single coin.
- It shows the percentage of coins in the ACMI index that are currently underperforming — i.e., having RS < 1.
- This acts as a sentiment gauge — the higher the value, the more coins are lagging behind the index
The upper pane shows the ACMI index (blue) and the lower pane shows the % of index coins having RS < 1 (orange). Reference zones at 80 and 30 can help detect overbought and oversold signals.
How to interpret it?
- Dips below 30% often align with strong uptrends — only a few coins are weak.
- Spikes above 80% may signal capitulation or exhaustion.
In last one year, all 3 times ACMI Breadth Oscillator went below 30, bull market followed. All three such instances are marked with black horizontal line. And today, the Breadth Oscillator is hovering at 30.28. If it goes further below then that would mean most of the top coins are outperforming and this might be a signal to significant bullish moves in crypto market.
You can keep an eye on the ACMI Crypto Market Breadth Oscillator here – https://acmi.elliottwavestrading.com/breadth-oscillator
