Dogecoin has seen a notable recovery over the past week, but social media users remain pessimistic. This is why this could be good for the price increase.

The weighted sentiment of Dogecoin has been negative recently

As analyst Ali Martinez pointed out in a recent post on X, the Dogecoin Weighted Sentiment index remains in the red. “Weighted Sentiment” here refers to an indicator from the analysis company Santiment that gives us insight into the prevailing sentiment related to a specific asset present on major social media platforms.

This index is based on two other metrics: Sentiment Balance and Social Volume. The first metric, Sentiment Balance, calculates the net sentiment level present on social media.

It works by passing various posts/messages/topics through a machine learning model to distinguish between positive and negative posts. It then takes two counts and subtracts them to determine the net market situation.

While Sentiment Balance provides a preliminary overview of social media, it does not always best represent the majority of users, as all it can do is take into account the data from existing posts. This means it only speaks to the sentiments of active users, regardless of whether they are truly a minority or not.

To mitigate this issue and achieve higher accuracy, Weighted Sentiment combines a second factor: Social Volume. This metric measures the total number of unique posts on social media mentioning the cryptocurrency.

Therefore, by balancing sentiment levels according to this metric, the Weighted Sentiment ensures that its value only registers a surge (in either direction) when there is a significant trend toward a sentiment and many users express that sentiment.

Below is a chart of the weighted sentiment towards Dogecoin shared by an analyst, showing the value trend of this coin over the past few months:

As shown in the chart above, the Dogecoin sentiment index turned negative in December when the price momentum of this meme coin faced obstacles and its price reversed downward.

Negative sentiment has not changed in 2025 so far, but interestingly the price trend has changed. Over the past week, the asset has experienced a recovery of over 20%. Continuous pessimism implies that this price increase is still not enough to change the perspective of social media users.

Historically, digital assets tend to move in the opposite direction of the expectations of the majority. From the chart, it is clear that the peak of Dogecoin in November was accompanied by positive spikes in the Weighted Sentiment index.

Therefore, considering that traders are currently pessimistic about DOGE, the likelihood of this latest price increase may still continue before hitting resistance.

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