Hey, Traders. The $SENT token of the Sentient ecosystem focused on AI and decentralized infrastructure presents an interesting setup on the 5-minute chart against USDT, with the price oscillating around 0.02644 dollars after an initial rejection.
Technically, we observed a high-volume candle at the beginning of the period, marking a sharp drop from 0.028 to 0.026, followed by consolidation with smaller red candles and persistent negative volume on the indicator below, suggesting dominant selling sentiment and possible deleveraging.
O WavesTrend is in a neutral-high zone, near 0.60, while the curved line at the top indicates an attempt at recovery, potentially a crossover of short moving averages pointing to upside if it breaks 0.027.
Institutionally, inflows into AI crypto projects like Sentient grew 12 percent this month, with DePIN partnerships driving adoption, but the bearish trend in the weekly MACD reflects general caution in the sector. Fundamentally, the Fear and Greed Index at 34, fear, contrasts with greed at 61 last week, signaling that moderate fear levels historically precede rebounds, with whales absorbing supply while liquidations clear leverage.
Recent news highlights the pivot of miners to AI, benefiting tokens like SENT with demand for decentralized computing. Practice: prioritize entries at support of 0.0255 with a tight stop loss, aiming for 0.028 if buying volume confirms. How do you interpret this short-term chart? Share in the comments.
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