Dogecoin & Apecoin: The Sentiment Surge
Recent insights from Santiment reveal that Dogecoin (DOGE) and Apecoin (APE) have experienced notable corrections tied to shifts in social media sentiment. The “Positive Sentiment vs. Negative Sentiment Ratio” for these memecoins has surged, indicating strong bullish sentiment. However, excessive positivity often precedes market corrections, as seen when DOGE peaked at $0.150 before dropping to $0.136.
Santiment warns that when crowd sentiment turns overwhelmingly bullish, it can lead to predictable sell-offs. As the ratio declines, there may be potential for renewed positive momentum in the days ahead. Keeping an eye on sentiment trends will be crucial for traders navigating this volatile landscape.
