Dogecoin Leaps 20% In 7 Days: What Is Going On?

Dogecoin (CRYPTO: DOGE) has climbed 20% over the past week, yet trader sentiment remains surprisingly pessimistic.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Dogecoin (CRYPTO: DOGE)  $0.3865 $57 billion +0.9%  +20.6% 
Shiba Inu (CRYPTO: SHIB)  $0.00002406   $14.2 billion +1.4%  +11.4% 
Pepe (CRYPTO: PEPE)  $0.00002069 $8.7 billion +0.04%  +11.7% 

Trader Notes: Crypto chart analyst Ali Martinez pointed out that Dogecoin’s weighted social sentiment is at -0.60, reflecting widespread doubt about its upside potential.

Martinez suggests this bearish sentiment might actually make it “a good time to be a contrarian.”

Full story available on Benzinga.com

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