@vessel3
Sentiment analysis examines public sentiment on social media, news platforms, and forums to gauge the overall mood surrounding a cryptocurrency. A sudden spike in positive sentiment—such as excitement about a new partnership or project—can indicate the start of a bullish trend or price rally. On the other hand, negative sentiment, driven by fear or unfavorable news, may signal a potential downturn. By tracking sentiment in real time, traders can spot emerging trends early, positioning themselves ahead of the market to capitalize on price movements before they become widely known.
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