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It's Big & Big #alert About $DOGE The Next 200% Rally !!!

Dogecoin Sentiment Reverts To February Low, Is DOGE Set For 200% Rally?

Optimism among Dogecoin (DOGE) investors has reverted to multi-week lows, however, this might be a springboard for a mega rally ahead

Dogecoin and the Unusual Rebound Effect

According to Martinez, drawing on data from crypto analytics provider Santiment, Dogecoin’s sentiment is as bearish as it was in early February.

Measured as Weighted Sentiment, the Dogecoin sentiment value is currently pegged at a negative 0.828. This figure compares to the more than 2.1 recorded in late March.

This sentiment dropped this low in consonance with the price of the premier memecoin. Current market data posits that DOGE is changing hands for $0.1578, down by 4.08% in the past 24 hours.

This growth marks a major bearish complement to the 4.16% drop in the trailing 7-day period and a deviation from the 19% it has recorded in past month.

As Martinez always bring to mind, he noted that despite the slump, Dogecoin might trail history to correct its growth path.

He noted that in early February when the DOGE sentiment was as low as it is today, it gave the token a major boost to skyrocket by over 200% in the succeeding weeks.

If this were to repeat itself, it might see Dogecoin breach its monthly high to $0.2 or more. This projection will particularly be quite reassuring considering June is historically bearish for the coin. Per dat insights from Cryptorank, Dogecoin has consistently closed the month of June lower since 2017.

Over the past decade, the coin has only managed to close positive twice in June – featuring the 29.3% surge in 2015 and the 31.6% in 2016 respectively.

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