Dogecoin has seen some significant rebounds over the past week, but social media users remain pessimistic. Here are the reasons why this rebound may benefit from further upward movement.
Dogecoin weighted sentiment has remained negative recently.
As analyst Ali Martinez pointed out in a new post on X, the weighted sentiment for Dogecoin remains red. Here, 'weighted sentiment' refers to an indicator from the analysis company Santiment, which tells us the dominant sentiment related to a specific asset across major social media platforms.
This indicator is based on two other indicators: emotional balance and social volume. The first indicator, emotional balance, calculates net sentiment on social media.
It works by inputting various posts/messages/topics into a machine learning model to distinguish between positive and negative posts. Then, the two counts are subtracted to determine the net market situation.
While emotional balance does provide a rough overview of social media, it may not always represent the majority of users, as it only considers the data from current posts. That is to say, it only reflects the emotions of active users, regardless of whether they actually belong to a numerical minority.
To mitigate this issue and achieve higher accuracy, weighted sentiment incorporates a second element: social volume. This indicator measures the total number of posts mentioning the cryptocurrency on social media.
Therefore, by weighting the emotional balance with this indicator, weighted sentiment can ensure that its value only peaks (in either direction) when a certain emotion has a clear tendency and a large number of users express that emotion.
Now, here is the Dogecoin weighted sentiment chart shared by analysts, showing the trend of its value over the past few months:
As shown in the above chart, due to obstacles encountered during Dogecoin's bull market rebound, its price reversed downward, and the Dogecoin weighted sentiment turned negative in December.
So far, the negative sentiment for 2025 has not changed, but interestingly, the price trend has changed. Over the past week, the asset's rebound has exceeded 20%. The continued bearish sentiment indicates that this trend is still insufficient to change the views of social media users.
Historically, the trends of digital assets often contrast with the expectations of the majority. From the chart, it can be seen that Dogecoin's peak in November was accompanied by a sharp rise in weighted sentiment.
Therefore, considering that traders are currently pessimistic about DOGE, this rebound may still have room for further upward movement before encountering resistance.
DOGE Price
After a recovery over the past few days, Dogecoin's value has climbed to the $387 mark.
