Yes, RSI= Relative Strenght Index. Shows the strength of the coin in the overbought or oversold territory, Not price. RSI can stay at 5 and keep going lower because ppl keep selling hence oversold. Same with the other side on overbought. If you had other lines in the rsi they can go oversold/overbought and the lines to be embedded (Lock in) and price keeps going lower or higher.
If I am wrong at any point I will be corrected by a seasoned trader.