Dogecoin crowd sentiment is at a low point, which could point to a buying opportunity before the crypto market starts moving higher again, according to Santiment.
A decline in social media posts and overall sentiment around Dogecoin could signal a buying opportunity for traders, according to crypto analysis firm Santiment.
“Crowd sentiment has been near its lowest point over the past year,” Santiment said in a Jan. 9 report.
The analysis firm gave Dogecoin (DOGE) a “bearish” crowd sentiment rating of 1 out of 5, which is significantly lower than the 4 out of 5 ratings for XRP (XRP) and Solana (SOL).
