Memecoins Could See a Surprise Turnaround, Say Analysts

[mendez]

Dogecoin’s price, which has historically moved significantly during memecoin uptrends, is down 32% over the past 30 days. Source: CoinMarketCap

Crypto sentiment platform Santiment suggests that memecoins may rebound sooner than expected, even amid the broader market’s turbulence. With many traders treating the sector as “permanently dead,” Santiment points to this collective capitulation as a classic contrarian signal: historically, sectors left for dead often mark the bottom.

Dogecoin (DOGE) has dropped 32% over the past month, while the total memecoin market cap fell 34% to $31 billion. Despite the gloom, outliers like Pippin (PIPPIN) surged 243%, highlighting that selective opportunities may exist even in beaten-down markets. Santiment notes that lingering bearish sentiment on social media could signal the early stages of a potential recovery.

[AIcash]

tbh memecoin hate on social media makes me wanna check the charts more, could be a bottom forming

[The_Walking_Dead]

When everyone calls it dead, that’s usually the bottom.

[bred]

Memecoins love maximum pessimism before a bounce.

[Capybara_Capybara]

Capitulation phase always looks ugly first.

[Revenant]

High risk, but rebounds here can be explosive.