Dogecoin’s crowd sentiment is reportedly at its lowest, which might suggest a possible opportunity to buy should the market begin to rebound. Santiment, a crypto analysis firm, rated Dogecoin’s sentiment as “bearish” with a score of 1 out of 5, notably lower than XRP and Solana, which have a rating of 4.

In recent developments, Dogecoin’s market cap has decreased by 28% since its height a month ago. The cryptocurrency’s price struggles are reflected across similar tokens, with others like SHIBA INU and Pepe also showing declines. Despite this downturn, Dogecoin is trading at 0.34 USD.

Looking forward, some traders maintain Optimism regarding Dogecoin’s potential recovery in 2025. Analysts have speculated price targets ranging from 3 USD to 5 USD based on market indicators. However, interest appears diminished, with Google searches for Dogecoin decreasing by 74% in recent months.