@stills33
Sentiment analysis tracks public sentiment on platforms like Twitter and Reddit, capturing shifts in investor mood. Positive sentiment, such as bullish posts or endorsements from influencers, can indicate a price surge as retail investors jump in. Negative sentiment, on the other hand, often triggers sell-offs and price drops. By analyzing the frequency and tone of discussions, sentiment analysis can help traders predict short-term price movements, offering an edge in the highly reactive crypto market. However, it’s crucial to combine it with technical indicators for better accuracy.
0 reply
0 recast
0 reaction