Data shows the social media sentiment around Dogecoin and Solana has seen a significant improvement following the market turnaround. Social Media Is Now Bullish On Dogecoin, Solana, & Cardano In a new post on X, the analytics firm Santiment has discussed what sentiment the traders on social media currently hold toward the various top assets in the cryptocurrency sector. The metric of relevance here is the “Positive/Negative Sentiment,” which, as its name suggests, tells us about how the bullish and bearish sentiments related to a given asset compare on the major social media platforms. Related Reading: Massive Dogecoin Rally Incoming? Experts Point To Over 1,000% Upside This indicator works by putting the posts/comments/messages present on the platforms through a machine-learning model to separate between positive and negative ones. It then takes the ratio of these counts to calculate the net situation around the coin. When the Positive/Negative Sentiment has a value greater than zero, it means the bullish posts outweigh the negative ones. On the other hand, it being under the mark implies the investors as a whole share a negative sentiment. Now, here is a chart that shows the trend in the indicator for six top coins: Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Dogecoin (DOGE), Solana (SOL), and Cardano (ADA): As displayed in the above graph, the Positive/Negative Sentiment has witnessed an increase for Solana, Dogecoin, and Cardano recently, suggesting the sentiment around the assets has improved. Out of these, traders are the most positive toward SOL, with its bullish comments being around six times the bearish ones. The metric has a value of around 3 for ADA and 2 for DOGE. The improvement in sentiment for Dogecoin and others has come after a sector-wide rebound in prices. Interestingly, while the bullish wave has made investors more optimistic about these coins, it has failed to do so in the case of Bitcoin, Ethereum, and XRP, the top three cryptocurrencies by market cap. The indicator is sitting close to the neutral zero level for these assets, which implies there are about as many positive posts as negative ones. This fact, however, may not actually be bad for BTC and the crypto market. Related Reading: Analyst Says Bitcoin Fun Will Begin When This Flip Happens Historically, digital assets have tended to show moves in a direction that’s opposite to the expectations of the majority. This means that an overly bullish crowd can lead to tops, while an extremely bearish one can result in bottoms. Thus, the hype around Dogecoin, Solana, and Cardano may act to the detriment of their prices, while Bitcoin, Ethereum, and XRP could have bullish room to run before they reach a top. DOGE Price At the time of writing, Dogecoin is floating around $0.352, up more than 2% over the past week. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Dogecoin has made some notable recovery during 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 Recently As pointed out by analyst Ali Martinez in a new post on X, the Dogecoin Weighted Sentiment still has a red value. The “Weighted Sentiment” here refers to an indicator from the analytics firm Santiment that tells us about the dominant sentiment related to a given asset that’s 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 the net sentiment present on social media. Related Reading: Dogecoin Bullish Signal: Whales Make $1.08 Billion Net DOGE Purchase It works by putting the various posts/messages/threads through a machine-learning model to differentiate between positive and negative posts. Then, it takes the two counts and subtracts them to determine the net market situation. While the Sentiment Balance does provide a rough overview of social media, it may not always be the best representation of the majority of the users, as all it can do is take into account the data of the posts currently present. That is, it only says about the sentiment of the active users, regardless of whether they are actually a minority by count. To mitigate this problem and achieve more accuracy, the Weighted Sentiment incorporates the second element: the Social Volume. This indicator measures the total unique number of posts on social media that mention the cryptocurrency. Thus, by weighting the Sentiment Balance by this metric, the Weighted Sentiment ensures that its value only registers a spike (in either direction) when there is both a significant tendency towards one sentiment and a large number of users voicing said sentiment. Now, here is the chart for the Weighted Sentiment for Dogecoin shared by the analyst that shows the trend in its value over the past few months: As displayed in the above graph, the Dogecoin Weighted Sentiment turned negative in December as the meme coin’s bull rally hit an obstacle, and its price reversed to the downside. The negative sentiment hasn’t changed in 2025 so far, but interestingly, the trend in the price has. Over the past week, the asset has seen a recovery rally of more than 20%. The continued bearish sentiment would imply this run hasn’t been enough to change the opinion of social media users yet. Historically, digital assets have tended to move in a way that’s opposite to the expectations of the majority. From the chart, it’s apparent that Dogecoin’s tops in November were accompanied by sharp positive spikes in the Weighted Sentiment. Related Reading: Bitcoin Coinbase Premium Sinks To Lowest Since FTX Crash: Bottom In? Therefore, considering that the traders are pessimistic towards DOGE right now, chances may be that this latest rally could have further room to run before encountering a wall. DOGE Price Following its recovery during the last few days, Dogecoin has seen its value climb to the $387 mark. Featured image from Dall-E, Santiment.net, chart from TradingView.com