$SENT
Technical Analysis: Candle Chart Breakdown
If you were looking at a standard Daily (1D) Candle Chart for SENT/USDT right now, here is what the price action reveals:
The "Blow-off Top": On January 31, 2026, SENT hit its All-Time High (ATH) of $0.048. The candle for that day likely shows a "long upper wick," signaling that buyers exhausted their momentum and sellers began stepping in heavily.
The Current Bearish Channel: Since that peak, the chart has formed a series of Lower Highs and Lower Lows. Most candles are red, closing near their daily lows, which indicates sustained selling pressure.
Support & Resistance Levels:
Major Support: $0.0200. This is a psychological floor. If candles start closing below this level, a "breakdown" could lead to a drop toward $0.0180.
Immediate Resistance: $0.0280. The price has struggled to close a green candle above this mark recently.
Volume Indicators: The 24-hour volume remains high (approx. #PredictionMarketsCFTCBacking #SentimentAnalysis