According to the performance of Santiment, an analytics company that measures profits in the cryptocurrency market, there is a decrease in social media posts specific to Dogecoin (#DOGE ). However, some traders claim that the decline in $DOGE can be seen as a buying opportunity.
Santiment's report, which stated that sales in DOGE reached the lowest point in the growth year, included the following statements: "The best memecoin in crypto has been extremely quiet except for a temporary rise at the beginning of 2024." The report, which emphasized that DOGE has lost 28 percent of its value since its previous peak, gave the memecoin a score of 1 out of 5 in the eyes of the market.
"When the market rises, things can be put on the market for DOGE"
However, it was also explained from the striking statements in the report that the stagnation in DOGE's rise can be seen as an opportunity to increase: "The masses are close to the lowest point of the year that is growing. In other words, if the crypto market rises again, things can be put on the market for DOGE."
Sharing the same sentiment as Sentiment, crypto trader Wizz is one of those bullish on DOGE despite selling into lower markets. In a post shared on X (formerly Twitter) on January 6, he suggested that DOGE will outperform most cryptocurrencies in the next three to six months.
“DOGE will make a big rally in 2025”
Another crypto trader KrissPax noted that DOGE’s price action is similar to that of a year ago: “In November 2023, DOGE rose, then fell, and consolidated before a big rally in 2024. In November 2024, Doge rose again, then fell, and is now in a consolidation phase. Next up is a big rally in 2025.”
Many analysts expect to see new highs like KrissPax, where DOGE is implemented in 2025. Based on the Gaussian Channel, which is used to determine the upper and lower channels of price action, crypto trader Tardigrade predicts that DOGE will peak between $3 and $5 in 2025. The graph shared by the analyst is as follows:
On the other hand, Google searches for “Dogecoin” have decreased by approximately 74 percent since Donald Trump won the United States presidential election on November 5.
The existence of the seventh largest cryptocurrency in terms of market value could not sustain the rise recorded in the first cycle of DOGE seasons. The last 24 delays were trading at $0.3295 in terms of 4 percent value loss DOGE news summary.
