Dogecoin ($DOGE) Price Prediction for June 2025: Bearish Bias Deepens Below $0.21 Pivot

After staging a strong rally in early May, Dogecoin price today has slipped into a corrective phase, with mounting technical evidence pointing toward continued downside pressure for much of June. The broader crypto market remains fragile amid mixed macroeconomic cues, and Dogecoin price has mirrored that sentiment, falling below key short-term support zones. Currently trading near $0.2045, DOGE is facing a rejection near the $0.22–$0.23 resistance belt while testing structural demand around the 0.5 Fibonacci retracement at $0.1947.

What’s Happening With Dogecoin’s Price?

DOGE’s daily structure shows a clear breakdown below its symmetrical triangle formation, which had been developing over the past three weeks. After failing to hold the $0.2100 level, Dogecoin price action has now retraced toward the 0.5 Fibonacci level from the March–May swing move. The broader triangle top at $0.2535 acted as a ceiling, rejecting bulls multiple times and confirming selling pressure from that region. On the 4-hour chart, DOGE continues to form lower highs and lower lows, reinforcing the bearish short-term structure.

In the weekly view, Dogecoin price has printed its second consecutive red candle after multiple failed attempts to reclaim the $0.25 zone. This sustained failure is pushing price action closer to the longer-term trendline support intersecting near $0.1660.

Indicators Show Waning Momentum And Bearish Crossover Signals

The Relative Strength Index (RSI) on the daily chart has dropped to around 44, indicating weakened bullish momentum after previously topping out above 65 in early May. More notably, the weekly RSI has also turned downward from its midline, signaling possible extended downside if no rebound is seen in the coming days.

Meanwhile, the MACD on the daily chart has turned negative, with the MACD line crossing below the signal line—suggesting a shift in short-term trend bias toward the bears. Histogram bars have also turned red, confirming this loss in upward strength. On the weekly timeframe, the MACD remains barely positive, but a similar crossover may unfold if June begins with continued weakness.

Ichimoku Cloud signals remain mixed. On the daily timeframe, price is just hovering above the lower cloud boundary, but the Chikou Span has turned flat, and Tenkan-Sen has dropped below the Kijun-Sen—often an early warning of further weakness. On the weekly Ichimoku setup, the cloud still supports the broader uptrend, but momentum has noticeably decelerated.

Why Dogecoin Price Going Down Today?

The answer to why Dogecoin price went down today lies in the confluence of several bearish factors. First, price rejection from the $0.25 zone triggered a return to mean reversion levels near $0.21 and $0.20. Second, macroeconomic pressure from a strengthening U.S. dollar and cautious risk sentiment is also affecting speculative altcoins like DOGE. Finally, breakdowns across lower timeframe chart structures and bearish indicator crossovers suggest that momentum favors further downside unless a strong demand reaction appears near $0.19.

Short-Term Outlook: Key Levels to Watch in June

In the near term, DOGE must hold above the $0.1950–$0.1900 band, which aligns with both the 0.5–0.618 Fibonacci retracement zone and prior breakout levels from April. A close below $0.1900 would likely trigger another leg down toward $0.1790 and $0.1650.

On the upside, any bounce must first overcome resistance at $0.2100, followed by a major supply zone at $0.2215–$0.2310. A reclaim of $0.2310 would invalidate the current bearish bias and open up room for a retest of $0.2535.

While Dogecoin price volatility remains moderate for now, Bollinger Bands on the daily chart are beginning to expand again, suggesting a larger directional move may be imminent—especially as we move deeper into June.

Dogecoin (DOGE) Price Forecast Table for June 2025