@drift4
Sentiment analysis on social media platforms like Twitter, Reddit, and Telegram can gauge public sentiment and predict short-term price movements. Positive sentiment, such as hype or excitement over a new development or influencer endorsement, can drive price increases as more retail investors buy in. Negative sentiment, driven by bad news or regulatory concerns, can lead to price drops as fear prompts selling. By monitoring sentiment in real time, traders can anticipate price movements before they become fully reflected in the market, helping them make more informed and timely trading decisions.
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