Dogecoin Jumps 20%, But Social Media Still Bearish: Green Signal For Rally?

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Over the last seven days, Dogecoin has experienced a significant bounce back, yet social media enthusiasts continue to exhibit a pessimistic outlook. Here’s why this might actually boost the rally.

Dogecoin Weighted Sentiment Has Remained Negative Recently

According to analyst Ali Martinez’s recent post on X, the sentiment analysis of Dogecoin by Santiment, a data analytics firm, continues to show a predominantly negative sentiment across popular social media networks, as indicated by its red value.

As a researcher, I’ve developed a metric that relies on two fundamental factors: Sentiment Balance and Social Volume. The Sentiment Balance, in essence, quantifies the overall sentiment prevailing across social media platforms by calculating the difference between positive and negative sentiments expressed therein.

The system operates by feeding multiple posts or messages or discussions into a machine learning algorithm for analysis. It classifies these as either positive or negative, and then calculates the number of each type. Finally, it compares these two numbers to gauge the overall sentiment in the market.

Although the Sentiment Balance offers a general snapshot of social media opinions, it might not always accurately reflect the sentiments of most users. This is because it primarily considers the data from posts that are currently available. In other words, it only gives an insight into the sentiment of active users, even if these users may constitute a minority in terms of their numbers.

To improve precision and effectiveness, the Weighted Sentiment takes into account a secondary factor – the Social Media Volume. This metric tallies up the overall unique count of posts on social media platforms discussing the specific cryptocurrency.

By giving more importance to the Sentiment Balance with this specific measure, the Weighted Sentiment will only increase (either positively or negatively) when there’s a strong inclination toward one sentiment and a substantial number of users expressing that sentiment.

Currently, let me present a graph provided by the analyst that illustrates the Weighted Sentiment of Dogecoin. This graph displays the fluctuation in its worth during the recent months.

Here’s another option:

I would like to show you an analysis chart on Dogecoin’s Weighted Sentiment, which was shared by our analyst. It shows how its value has changed over the past few months.

And one more:

Allow me to introduce a graph that our analyst posted, depicting the trend in the Weighted Sentiment of Dogecoin and its corresponding value changes during the previous months.

According to the graph, the sentiment towards Dogecoin, a popular meme coin, shifted negatively in December when its upward trend met resistance, causing the price to fall instead.

So far in 2025, there’s been no shift in pessimistic feelings, but surprisingly, the price trend has altered. In just the last week, the value of the asset surged by over 20%. Despite this upward trend, the persistent negative attitudes on social media suggest that people haven’t yet been convinced enough to change their views.

As a researcher delving into the world of digital assets, I’ve noticed an intriguing pattern: historically, these assets have often moved in directions contrary to the general public’s expectations. A striking example of this can be seen in Dogecoin’s performance. Upon closer examination of the chart, it appears that Dogecoin’s peaks in November were not isolated events, but rather were accompanied by significant positive surges in Weighted Sentiment. This suggests a strong correlation between market sentiment and the movement of this particular digital asset.

Given the current pessimism among traders regarding DOGE, it’s possible that this recent surge might still have some distance to go before hitting a ceiling.

DOGE Price

After a recent improvement, the price of Dogecoin has risen to reach approximately $387.

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2025-01-07 04:34