#DOGE social sentiment is low.#

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Overview

Currently, Dogecoin (DOGE) social sentiment is in a slump, with on-chain analyst Ali pointing out that DOGE's weighted social sentiment is -0.60, meaning the public remains very pessimistic about its upside potential. Despite this, Ali believes this could be a good time for contrarian investing, suggesting that DOGE may hold potential investment value in the face of low social sentiment.

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Analysis

Recently, DOGE's social sentiment has remained subdued. On-chain analyst Ali pointed out on X that DOGE's weighted social sentiment is -0.60, indicating that the public remains very pessimistic about its upside potential. This data reflects the market's cautious outlook on DOGE's future trajectory, with investors generally believing that the likelihood of a price increase is low. Despite this, Ali also believes that this could be a good time for contrarian investment, as low social sentiment may mean that the market has become overly pessimistic, and there is potential for a rebound in the future.

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DOGE weighted social sentiment is negative, indicating that the public remains very pessimistic about its upside potential.

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DOGE's low social sentiment could be a good time for contrarian investing.

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