🚀 SENT Spot Update | $SENT
SENT is showing short-term bullish signals, but the broader trend remains bearish. Ongoing token unlocks are being absorbed relatively well, while community sentiment stays mixed.
🔹 Key Highlights
Technical Outlook:
MACD has crossed above the signal line with a growing positive histogram, suggesting a potential short-term bounce. However, the 7 & 25 EMAs remain below the 99 EMA, confirming a longer-term downtrend.
Supply Dynamics:
Despite continuous daily token unlocks, the market is absorbing new supply more efficiently, helping stabilize price action compared to previous volatility.
Community & Activity:
A 10.5M SENT trading competition and positive reward feedback are boosting engagement, though recent price drops (around 9% in 24h) have raised concerns about profit-taking pressure.
⚠️ Risk Note
The 6-period RSI is above 75 (overbought zone), which could lead to a short-term pullback.
Conclusion:
Short-term recovery is possible, but the macro trend is still weak. Proper risk management is essential.
#SENT #Crypto #SpotTradingSuccess