Santiment: The market is showing signs of fatigue and needs to wait for clearer signals.

PANews reported on November 30th that Santiment, a crypto sentiment analysis platform, stated in a report that after a slight rebound, the market is showing signs of fatigue, and the clear buy signals from last week have disappeared. Ethereum is approaching a strong resistance zone between $3200 and $3250. This price level will be a key test of market strength. Furthermore, the social trend of "buying on dips" has ended, replaced by panic and potential liquidation risks, indicating fragile market sentiment. On-chain data shows that large Bitcoin wallets are slowing their buying pace, while smaller retail wallets are starting to accumulate – a pattern that typically foreshadows an impending market decline. In conclusion, caution is crucial; after the slight rebound, the market currently faces numerous challenges, and the confidence of major participants is waning. Data suggests that waiting for clearer signals is the wisest course of action.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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