Dogecoin has made a notable recovery over the past week, but social media users remain bearish. Here’s why this is good for rallies:
Dogecoin Weighted Sentiment Remains Negative Recently
As analyst Ali Martinez points out in a new post on X, Dogecoin Weighted Sentiment still has red readings. “Weighted Sentiment” here refers to an indicator from analytics company Santiment that provides insight into the prevailing sentiment associated with a particular asset on major social media platforms.
This metric is based on two different metrics: Sentiment Balance and Social Volume. The first of these, Sentiment Balance, calculates the net sentiment present on social media.
It works by putting different posts/messages/threads through a machine learning model to distinguish between positive and negative posts. The two numbers are then subtracted to determine the net market situation.
Sentiment balance provides a rough overview of social media, but it only takes into account data from currently existing posts, so it may not always be the best representation of the majority of users. That said, it only speaks to the emotions of active users, whether or not they are actually a minority.
To alleviate this problem and achieve higher accuracy, Weighted Sentiment includes a second factor, Social Volume. This metric measures the total number of unique posts on social media that mention cryptocurrency.
Therefore, by weighting the sentiment balance by this metric, Weighted Sentiment ensures that its value registers a spike (in both directions) only when there is both a significant tendency toward one sentiment and a majority of users expressing that sentiment.
Now, a weighted sentiment chart for Dogecoin shared by analysts shows its value trends over the past few months.
As shown in the graph above, Dogecoin Weighted Sentiment turned negative in December as the meme coin’s rally hit a roadblock, sending the price into a downward trend.
So far in 2025, negative sentiment has remained unchanged, but interestingly, price trends have shifted. Over the past week, the asset has seen a recovery bounce of over 20%. The continued bearish sentiment suggests this run is not yet enough to change the opinions of social media users.
Historically, digital assets have tended to behave in ways that run counter to most expectations. Looking at the chart, it is clear that Dogecoin’s peak in November was accompanied by a sharp rise in Weighted Sentiment.
So, considering that traders are currently pessimistic about DOGE, it is possible that this rally has some room to run before it hits a wall.
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After recovering over the past few days, the value of Dogecoin has risen to $387.