Dogecoin breaks the level Santiment told traders to watch
Santiment's weekly anomaly report flagged $DOGE as "hype without news," with sentiment climbing to +12.09 while price coiled between $0.071 and $0.073, and warned that a daily close below $0.071 would hand control to the sellers.
Today's risk-off wave answered. DOGE slid near $0.069, down almost 5% as the worst performer in the crypto top 10, while oil above $100 dragged the broader market around 2% lower.
Santiment's core read was that DOGE trades as amplified Bitcoin beta, falling harder in selloffs, and this session proved it on cue. A quick reclaim of $0.071 would repair the setup; below it, the sellers keep the wheel. NFA.
ELON MUSK:
“I'M NOT GOING TO BE PROMOTING CRYPTO, AT MOST, IN A JOKING WAY.
IF YOU SEE ME PUMPING CRYPTO, IT'S NOT ME.
I DO THINK THERE'S MERIT IN BITCOIN.
I'VE SORT OF GOT A SOFT SPOT FOR DOGECOIN BECAUSE I LIKE DOGS AND MEMES.”
$USELESS has now consolidated in its current range for 51 days
and it did this while bitcoin:native, $ETH & $SOL made multi-year lows
here's how USELESS performed vs majors & memes in Q4:
- up 240% vs bitcoin:native
- up 229% vs $SOL
- up 268% vs dogecoin:native
- up 324% vs $PEPE
- up 207% vs $PENGU
- up 124% vs solana:J3NKxxXZcnNiMjKw9hYb2K4LUxgwB6t1FtPtQVsv3KFr
- up 199% vs $WIF
- up 254% vs $FARTCOIN
last quarter was defined by the stock market relentlessly printing new all-time highs while crypto relentlessly made new multi-year lows
so how did USELESS fare against the stock market?
- up 185% vs the S&P 500
- up 173% vs the Nasdaq
- up 178% vs the Russell 2000
- up 200% vs $TSLA
- up 185% vs $NVDA
how about commodities?
- up 212% vs Gold
- up 218% vs Silver
- up 225% vs Oil
i could go on, but i'll stop here
the key point is this:
USELESS outperformed every major crypto, equity and commodity benchmark i compared it against last quarter
and this is happening while:
- whales continue to accumulate aggressively on both CEXs and DEXs despite the wider crypto bloodbath
- USELESS continues to lead almost every other memecoin in relative OI and volume-to-market cap ratio
in other words, this isn't just a chart showing relative strength
participation, liquidity and accumulation all continue to point in the same direction
i continue to believe USELESS speed-runs to new ATHs... and then billions!
talk about a beachball under water!
it’s funny that this image was actually done by me 2 years ago
when i first joined crypto and wanted to create the next dogecoin, i went online, found this frog image and created this logo with a friend. we wanted to make “FROGE”
the coin never ran and we made 0 money, but over the last 2 years i’ve seen it being deployed 1000 times
full circle