{"id":617109,"date":"2025-01-10T15:02:01","date_gmt":"2025-01-10T15:02:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=617109"},"modified":"2025-01-10T15:02:01","modified_gmt":"2025-01-10T15:02:01","slug":"dogecoin-sentiment-nears-lowest-in-a-year-signaling-a-daring-contrarian-opportunity","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-sentiment-nears-lowest-in-a-year-signaling-a-daring-contrarian-opportunity","title":{"rendered":"Dogecoin Sentiment Nears Lowest In A Year, Signaling A \u2018\u2019Daring Contrarian\u2019\u2019 Opportunity"},"content":{"rendered":"<p>Sentiment toward meme coin titan Dogecoin (DOGE) is close to its lowest point in a year and that may signal significant upside potential if the crypto market trends back up, said on-chain intelligence firm Santiment<\/p>\n<p><span style=\"font-weight: 400;\">&ldquo;Crowd sentiment has been near its lowest point over the past year, meaning there is actually some nice upside to be a daring contrarian toward DOGE (in particular) if crypto markets begin to trend upward again,&rdquo; Santiment said in a Jan. 9 crypto markets insight <\/span><a href=\"https:\/\/insights.santiment.net\/read\/sentiment-wildly-different-between-crypto-s-top-market-caps-8375\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/05\/02151053\/1714662652-dogecoindoge.jpg\" alt=\"DOGE \" width=\"1456\" height=\"832\"><\/p>\n<h2><span style=\"font-weight: 400;\">Trader Says Dogecoin Is Forming A &ldquo;Selling Climax Bottom&rdquo;<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Since reaching a top 1 month ago, <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-doge-soars-26-in-a-week-as-investors-rush-to-buy-this-vote-to-earn-meme-coin-before-its-too-late\"><span style=\"font-weight: 400;\">Dogecoin<\/span><\/a><span style=\"font-weight: 400;\"> has shed approximately 28% of its value, according to Santiment. Sentiment around the largest meme coin by market cap is also currently bearish, with Santiment rating crowd sentiment for Dogecoin just 1 out of 5.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, there might be a bullish change in DOGE&rsquo;s trend soon, according to a popular trader and analyst who goes by the X username &ldquo;Trader Tardigrade.&rdquo; In a post published today for his more than 70.2K followers, the analyst said that the meme coin is forming a &ldquo;selling climax bottom.&rdquo;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Dogecoin<\/a> Could Be Forming a Selling Climax Bottom &#128293;<a href=\"https:\/\/twitter.com\/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$Doge<\/a> remains above a support trendline, providing a secondary test (ST) to the structure. <br>Eventually, <a href=\"https:\/\/twitter.com\/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$Doge<\/a> will show a sign of strength (SOS) in the surge &#128640;&#128640; <a href=\"https:\/\/t.co\/Fx57HyWGsy\">pic.twitter.com\/Fx57HyWGsy<\/a><\/p>\n<p>&mdash; Trader Tardigrade (@TATrader_Alan) <a href=\"https:\/\/twitter.com\/TATrader_Alan\/status\/1877670469954072776?ref_src=twsrc%5Etfw\">January 10, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The analyst also noted that <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/5-best-altcoins-to-buy-now-january-7-dogecoin-bnb-maker-bitcoin-sv\"><span style=\"font-weight: 400;\">DOGE<\/span><\/a><span style=\"font-weight: 400;\"> remains above a key support trendline. As such, the X user forecasts that the crypto will start to show a &ldquo;sign of strength,&rdquo; which will lead to a surge.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Altcoin Bull Market Not Over Yet<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Renowned analyst and trader Michael van de Poppe also recently shared his take on the market and rebuffed the idea that the altcoin bull market is over.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The <a href=\"https:\/\/twitter.com\/hashtag\/Altcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Altcoin<\/a> bull market is over!<\/p>\n<p>That's the current thesis on the markets. <\/p>\n<p>Let me tell you, it's not. <\/p>\n<p>This correction is the shake-out before it begins. <\/p>\n<p>There's so much on the horizon that will reward you if you're holding those altcoins.<\/p>\n<p>The party is about to get&hellip; <a href=\"https:\/\/t.co\/pJIGLY7th4\">pic.twitter.com\/pJIGLY7th4<\/a><\/p>\n<p>&mdash; Micha&euml;l van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1877436135711871312?ref_src=twsrc%5Etfw\">January 9, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">According to the analyst, the recent correction in the altcoin market cap is just a &ldquo;shake-out&rdquo; before the actual bull run begins. &ldquo;There&rsquo;s so much going on that the current market valuation is a very low one compared to the upcoming one in the coming 2-5 years,&rdquo; he said.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/wall-street-pepe-roars-past-45m-in-presale-top-tier-exchange-listing-imminent\"><span style=\"font-weight: 400;\">Wall 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<\/div><!--\/.inContentProvider--single-->\n                            \n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Sentiment toward meme coin titan Dogecoin (DOGE) is close to its lowest point in a year and that may signal significant upside potential if the <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1954,"featured_media":617111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[],"class_list":["post-617109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - 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