parikhan
Member
Market analysis is essential for understanding the various factors that influence token prices, such as market sentiment, trading volume, and external events. It involves both fundamental analysis (evaluating the token’s utility, team, roadmap, and market demand) and technical analysis (using charts, indicators, and patterns to forecast price movements). Accurate market analysis can help traders spot trends early, identify opportunities, and minimize risks by anticipating potential downturns or rallies in the token’s value.