Dogecoin has shown significant signs of recovery over the past week, even as sentiment on social media continues to lean bearish. Analysts suggest that this negative sentiment could actually support the cryptocurrency’s upward momentum.
Recent assessments indicate that the Weighted Sentiment for Dogecoin remains in the negative range, based on data from Santiment. This metric provides insights into the prevailing sentiments surrounding the cryptocurrency on major social media platforms. The Weighted Sentiment is derived from two components: Sentiment Balance and Social Volume. Sentiment Balance evaluates the net positive and negative sentiments from various posts, while Social Volume accounts for the total number of unique messages referencing Dogecoin.
Despite the usefulness of Sentiment Balance, it often captures only a fragment of the overall user opinions active at the moment. The incorporation of Social Volume enhances the accuracy of the Weighted Sentiment, as it ensures that changes reflect both the prevailing sentiment and a substantial number of users expressing that viewpoint.
The decline in Dogecoin’s Weighted Sentiment began last December when a price rally encountered hurdles, causing a bearish turn. As 2025 progresses, the negative sentiment has persisted, yet the asset has recently rallied over 20%, signifying a disconnection between market performance and social media sentiments. This discrepancy suggests that the pessimism surrounding Dogecoin may not reflect an accurate market outlook.
Historically, cryptocurrencies have often defied prevailing negative sentiments, as evident by Dogecoin’s price spikes correlating with positive sentiment shifts seen last November. With traders currently expressing skepticism, there is potential for the recent recovery to continue its upward trajectory before facing significant resistance. Following this brief bullish phase, Dogecoin’s value has escalated to approximately $0.387.
