A recent report de Santiment indicates that Dogecoin sentiment has reached a low point, prompting some analysts to suggest that this could represent a buying opportunity. Since January 9, Dogecoin is estimated at around $0.34, a decrease of 15.3% over the last 30 days.
The analytics firm gave Dogecoin a “bearish” rating of 1 out of 5, contrasting sharply with the higher ratings of 4 out of 5 for other cryptocurrencies like XRP and Solana.
Santiment notes that the decline in social media discussions around Dogecoin could represent an opportunity for investors. Despite its recent struggles, some traders remain optimistic about Dogecoin’s prospects for 2025. Pseudonymous trader Wizz expressed confidence that Dogecoin could outperform major cryptocurrencies in the coming months.
Similarly, trader KrissPax observed that current Dogecoin price trends resemble those of a year ago, predicting a major rise in 2025.
Other meme coins also suffered losses, with Shiba Inu and Pepe falling 15.9% and 22.2% respectively during the same period. Additionally, Google searches for “Dogecoin” have declined by nearly 74% since the week following the 2024 U.S. presidential election, indicating a decline in public interest.
Analysts predict that Dogecoin could reach between $3 and $5 by 2025, based on the Gaussian channel indicator, which helps traders gauge price trends.