@driers
Sentiment analysis scans social media platforms, such as Twitter and Reddit, to measure public sentiment toward specific cryptocurrencies. Positive sentiment (e.g., bullish discussions or influencer endorsements) often leads to price surges as retail investors jump in. Conversely, negative sentiment, driven by bad news or market fear, can lead to price declines. By monitoring sentiment shifts in real time, traders can spot emerging trends and adjust their positions before price movements become widespread. However, using sentiment analysis alongside technical indicators increases the accuracy of predictions.
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