Dogecoin’s Darkest Hour? Sentiment Tanks, Whales Accumulate
Dogecoin’s sentiment has reportedly reached its most negative level in over a year. Crypto analyst Ali Martinez (@ali_charts) shared the below chart illustrating the current landscape of Dogecoin’s social sentiment and noted: “Investor sentiment around Dogecoin is at its most negative in over a year. Historically, extreme fear has set the stage for major reversals. This could be a prime opportunity to be a contrarian.” What This Means For Dogecoin Within the chart, the red line—the Weighted Sentiment—now sits at approximately -0.93, marking the steepest negative reading in more than 12....
Related News
Crypto analyst Kevin (@Kev_Capital_TA) suggests that Dogecoin’s current market structure signals “the last opportunity” for investors to acquire the meme coin at relatively low prices. Kevin points to several convergent technical indicators, including a back test of the macro 0.5 Fibonacci retracement near $0.158, a retest of descending multi‐year trend lines, a convergence with both the 200‐week Simple Moving Average (SMA) and Exponential Moving Average (EMA), and an historically low 3‐Day RSI reading. Buy Dogecoin Now? The DOGE/USD weekly chart reveals several Fibonacci retracement lines....
Renowned crypto trader Ali Martinez has released a new update suggesting that Dogecoin could be preparing for a large price upswing. In his latest chart shared on X, Martinez draws attention to the stock RSI on the weekly timeframe. The stock RSI appears poised for a bullish crossover, a signal that has historically preceded major Dogecoin rallies. “Dogecoin is about to go parabolic. Historically, when the stock RSI has a bullish crossover on the weekly chart, Dogecoin tends to undergo a significant price rebound,” Martinez states. He points out that whenever this oscillator crosses....
Dogecoin currently boasts a bearish outlook, having dropped below the $0.30 psychological level and is now at risk of losing the $0.20 level. This bearish outlook is further strengthened by a drop in DOGE’s social sentiment, mirroring Ethereum, which has also suffered significant price crashes. Dogecoin Mirrors Ethereum As Social Sentiment Tanks In an X […]
Crypto analyst Lumen has revealed a significant accumulation trend among Dogecoin whales, which provides a bullish outlook for the DOGE price. The analyst also mentioned what could drive the meme coin’s price to $0.5, marking a bullish reversal for Dogecoin. Dogecoin Whales Accumulate As Price Eyes Rally To $0.5 In an X post, Lumen revealed […]
According to a number of different data points, bitcoin whales saw last week’s volatility and price declines as a chance to accumulate.