Dogecoin has made a notable recovery over the past week, but social media users have remained bearish. Here’s why this could be good for the rally.
Dogecoin-weighted sentiment has remained negative lately
As analyst Ali Martinez notes in a new article after on X the Dogecoin Weighted Sentiment still has a red value. The “Weighted Sentiment” here refers to an indicator from the analytics company Santiment that tells us about the dominant sentiment regarding a particular item present on the major social media platforms.
This metric is based on two other indicators: sentiment balance and social volume. The first of these, the Sentiment Balance, calculates net sentiment on social media.
It works by running the different messages/messages/threads through a machine learning model to distinguish between positive and negative messages. Then the two counts are taken and subtracted to determine the net market situation.
While Sentiment Balance provides a global overview of social media, it may not always be the best representation of the majority of users as it can only take into account the data of the currently existing posts. That is, it only says something about the sentiment of the active users, regardless of whether they are actually in the minority.
To alleviate this problem and achieve greater accuracy, weighted sentiment includes the second element: social volume. This indicator measures the total unique number of social media posts mentioning the cryptocurrency.
Thus, by weighting the Sentiment Balance by this metric, the Weighted Sentiment ensures that its value only registers a peak (in either direction) when there is both a significant bias towards one sentiment and a large number of users expressing that sentiment .
Here is the weighted sentiment chart for Dogecoin, shared by the analyst, showing the trend in its value over the past few months:
As shown in the chart above, Dogecoin Weighted Sentiment turned negative in December when the meme coin’s bull rally hit a roadblock and the price turned lower.
The negative sentiment has not changed so far in 2025, but interestingly the trend in the price has changed. Over the past week, the asset has seen a recovery of more than 20%. The continued bearish sentiment would imply that this run has not yet been enough to change the minds of social media users.
Historically, digital assets have tended to develop in ways contrary to majority expectations. The chart shows that Dogecoin’s peaks in November were accompanied by sharp positive peaks in weighted sentiment.
So given that traders are pessimistic on DOGE at the moment, there’s a good chance this latest rally could have more room to run before hitting a wall.
DOGE Award
After recovering in recent days, Dogecoin has seen its value rise to the $387 mark.
