{"id":6985,"date":"2025-01-10T11:01:58","date_gmt":"2025-01-10T11:01:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6985"},"modified":"2025-01-10T11:01:58","modified_gmt":"2025-01-10T11:01:58","slug":"sentiment-readings-favor-dogecoin-gains-as-cardanos-ada-leads-market-bump","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6985","title":{"rendered":"Sentiment Readings Favor Dogecoin Gains as Cardano\u2019s ADA Leads Market Bump"},"content":{"rendered":"
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Weakness in bitcoin (BTC) has deferred to other crypto majors from Solana\u2019s SOL to memecoin dogecoin (DOGE), data suggests current levels could prove ripe for risk-on traders.<\/p>\n

\u201cCrypto’s top meme coin Dogecoin has been extremely quiet outside of a temporary run-up at the beginning of the year,\u201d analytics firm Santiment wrote in a Thursday report<\/a>, citing social metrics and sentiment based on online chatter. <\/p>\n

\u201cSince its top exactly one month ago, Dogecoin has shed -28% of its market cap. Crowd sentiment has been near its lowest point over the past year. (This) means there is actually some nice upside to be a daring contrarian toward DOGE (in particular) if crypto markets begin to trend upward again,\u201d the firm added, with crowd sentiment on DOGE currently at low levels of 1 out of 5.<\/p>\n

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The sentiment check aligns with a CoinDesk analysis<\/a> from earlier in the week.<\/p>\n

Large investors, or “whales,” are showing increased interest in DOGE, with transactions over $100,000 spiking to hint at potential price bumps in the short term. Futures markets for DOGE set a new record for open interest late Tuesday, though they have since tapered off alongside a market-wide decline.<\/p>\n

As such, January has been Dogecoin’s best-performing month historically, averaging an 85% return. Technical indicators like the 50-day SMA suggest a bullish trend for DOGE with a short-term target at 50 cents \u2014 a more than 30% bump from Friday\u2019s 33 cents level.<\/p>\n

Sentiment for other majors remains mixed. Bitcoin is neutral after a dip and recovery, now ranging between the low to mid $90,000 levels. Ether sees bearish sentiment despite prices holding above $3,000. XRP is bullish after an 18% rise in the past week, and Binance Coin ($BNB) shows neutral sentiment post-drop below $700. Solana remains semi-bullish despite underperformance, with a loyal community buying dips.<\/p>\n

Meanwhile, Cardano\u2019s ADA led a market-wide recovery in Asian afternoon hours on Friday with a 5.5% move in the past 24 hours. The broad-based CoinDesk 20 (CD20)<\/a> rose 1.04%, with Solana\u2019s SOL, BNB Chain\u2019s BNB, ether (ETH), rose as much as 1%.<\/p>\n

Traders showed a preference for AI Agent tokens Bixby, Cookie DAO\u2019s COOKIE, and ChainGPT rose as much as 50% on Binance spot listings. Viral token ai16z was up 11% and the agents category up was 8% on average, leading growth among all other crypto sectors.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Weakness in bitcoin (BTC) has deferred to other crypto majors from Solana\u2019s SOL to memecoin dogecoin (DOGE), data suggests current levels could prove ripe for risk-on traders. \u201cCrypto’s top meme coin Dogecoin has been extremely quiet outside of a temporary run-up at the beginning of the year,\u201d analytics firm Santiment wrote in a Thursday report, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6985","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6985"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6985\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}