Santiment Reveals Bearish Dogecoin Sentiment, But Upside Potential Remains

Santiment Rates Bearish Dogecoin Sentiment as 1/5: What’s Next?

Crypto analysis company Santiment suggests that a drop in social media posts and general sentiment toward Dogecoin may indicate a time for traders to buy. In contrast to XRP and Solana, which received ratings of 4 out of 5, Dogecoin received a bearish crowd sentiment rating of 1 out of 5. However, Santiment stated that if the cryptocurrency markets start to rise once more, there could be some pleasant upside and that Dogecoin is a daring contrarian.

Crowd sentiment has been near its lowest point over the past year. Crypto’s top memecoin has been extremely quiet outside of a temporary run-up at the beginning of the year (coinciding with Elon Musk’s brief handle change to ‘Kekius Maximus’). Since its top exactly one month ago, Dogecoin has shed -28% of its market cap.

Santiment

Dogecoin’s 18% Decline in 30 Days: Is This the Calm Before a Major 2025 Surge?

According to CoinMarketCap, Dogecoin is now trading at $0.3272, down 18.13% over the previous 30 days, at the time of posting. Dogecoin may be one of the best-performing coins of 2025, according to several traders, despite the lack of excitement on social media right now. In an X post on January 6, pseudonymous cryptocurrency trader Wizz predicted that Doge would beat the majority of the major cryptocurrencies during the next three to six months. Based on the Gaussian Channel indicator, which enables traders to determine the upper and lower channels of price action based on the asset distribution principle, other analysts predict that Dogecoin will peak between $3 and $5 in 2025.

Dogecoin Searches Hit a 74% Drop After Trump’s Victory and Legal Case Withdrawal

Google searches for Dogecoin, however, have decreased by about 74% during the week following Donald Trump’s victory in the US presidential election on November 5. The plaintiffs in a class-action lawsuit against Elon Musk and Tesla that same week withdrew their claims that the billionaire had manipulated the price of Dogecoin through social media posts and media appearances. The score of 26 for searches for Dogecoin during the last seven days on January 4 is 74 points lower than the score of 100 on November 16, according to Google data.

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