Santiment Confirms FOMO And FUD Affect Price Change Indicators
- Sentiments are a powerful driving force in crypto market moves, report Santiment.
- The platform confirms high buy calls correspond to price declines, while high sell calls correspond to price increases.
- Traders can provide valuable insights for identifying market trends via terms like FOMO and FUD.
Crypto analytics platform Santiment published a report on how the crypto markets react to FOMO versus FUD meta mentions. According to their insights, “sentiment really is the most powerful driving force in terms of the next big move.”
— Santiment (@santimentfeed) February 27, 2023
When analyzing the #crypto markets, remember that sentiment really is the most powerful driving force in terms of the next big move. Our latest insight looks at how the crowd's #FOMO vs. #FUD meta mentions can make a difference, as do these examples: https://t.co/uXXjjM00xd pic.twitter.com/3OdmRKbhkX
Since the start of 2023, the markets have experienced increased openness, reported Santiment. The crypto analytics platform also notes the extent of fluctuation as the trading community discusses that prices have remained within the range of $20,000 and $25,000, for approximately fiv…
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