Coin Edition -
- Santiment indicates a dip in February after positive price action in January.
- The analytics platform saw that when the crowd was predominantly bullish, the prices dropped more often.
- On Monday, Santinent tweeted market behaviors for AGIX, FET, and SAND.
Crypto analytics platform Santiment tweeted that after a positive crypto price action in the month of January, the market can anticipate a dip in February. The platform added that trader skepticism improves the probability of prices rising further.
After January's positive price action for #crypto, the crowd appears to be expecting a dip in February. Trader skepticism IMPROVES the probability of prices RISING further. Prices generally will move in the direction the crowd deems most unlikely. https://t.co/dOgaZH6RFe pic.twitter.com/HwqGHSdhJr— Santiment (@santimentfeed) February 8, 2023
Moreover, Santiment mentioned that prices usually move in the direction the crowd seems most unlikely. According to the analytics platform’s dashboard, when the crowd is “Mainly Bullish,” they experience frequent price drops, compared to the “Mixed Crowd” when the prices can move either way. Meanwhile, when the c…
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