Dogecoin Follows Bearish June Development With over 4% Losses – Is The Worst Over?
The month of June has been traditionally bearish for the Dogecoin worth, and to this point, June 2025 is following the identical development. With just a bit over every week into the month, the Dogecoin worth has already seen a decline of over 4%, suggesting it’s sticking to the established development. If so, then there may be nonetheless an extended option to go for the meme coin, as historic knowledge suggests that there’s extra decline to come back.
4% Losses Could Not Be The Finish
In line with knowledge from the CryptoRank web site, the Dogecoin worth is already down 4.57% within the month of June. However going by the efficiency of earlier years main as much as 2025, that is nonetheless fairly low in comparison with how a lot additional the value may crash.
For instance, the Dogecoin worth suffered a 21.9% decline in June 2024 and a 7.18% crash in June 2023. Going additional again, there was a lack of 23.3% again in June 2022 after which an identical lack of 23.9% again in June 2021. The latter’s efficiency is much more necessary as a result of the 23.9% decline occurred within the top of the crypto bull market.
Total, the month of June has not often ended nicely for the meme coin’s worth, with solely two inexperienced month-to-month closes in its over 11 years of existence. The typical return for June is the bottom at -7.11% for the Dogecoin worth, and the second lowest median return of -8.56%, second solely to August’s median returns of -9.98%.
Sticking to this common, an additional decline may occur because the Dogecoin worth strikes nearer to the typical return for the month. An identical development would see the value go towards the -7% territory earlier than the month is over.
Can The Dogecoin Value Defy The Odds?
With Donald Trump’s tariff conflict towards international locations like China nonetheless in full swing, the crypto market continues to be feeling the consequences as costs stay low. Altcoins like Dogecoin have suffered the brunt of the decline, and a continuation would push their costs additional down.
Nevertheless, the machine studying algorithm on the Coincodex web site has predicted a doable retracement upward that would push the Dogecoin worth again towards the inexperienced this month. It suggests a restoration above $0.21 by the tip of June, which might imply an over 10% enhance in worth from right here.
Open curiosity has additionally remained comparatively steady this month, ranging above $1.9 billion, Coinglass reveals. This implies there may be nonetheless sustained curiosity in buying and selling the meme coin, with sentiment skewing towards bullish territory because the Bitcoin worth stays above $100,000.
Featured picture from Dall.E, chart from TradingView
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