Sentient (SENT) Up 140% Since TGE — Charts Show a Scalper’s Market As Price Eyes Direction

Sentient (SENT) has seen a significant rally of approximately 140% since its Token Generation Event (TGE) on January 22, despite general market weakness. However, short-term technical analysis suggests this move is driven by rapid trading and quick profit-taking rather than sustained conviction, characterizing it as a "scalper's market."

The 15-minute chart shows momentum bursts followed immediately by selling, preventing a clean trend continuation past the $0.030 neckline resistance. Further analysis on the 30-minute chart shows the Chaikin Money Flow (CMF) below zero, indicating that larger capital is not committing, while the 1-hour On-Balance Volume (OBV) struggles to break a descending trendline to confirm buying control.

On the higher 2-hour timeframe, the uptrend remains intact, setting key support near $0.025 and resistance at $0.030. A confirmed close above $0.030 with expanding volume could target $0.036, but until then, the market is range-bound, controlled by speed and rotation, with potential downside risks toward $0.021 if support fails.

(Source：BeInCrypto)