Dogecoin Extends Historical June Declines; Analysts and Machine Learning Highlight Potential for Rebound Amid Ongoing Volatility

Published: 2025-06-09 08:42:54 |

Dogecoin (DOGE) continues its historically weak performance in June 2025, dropping over 4% so far this month. Historical data shows June is typically the worst month for DOGE, with average returns of -7.11% and median returns of -8.56%. Previous years saw even sharper declines, such as 21.9% in 2024 and more than 23% in both 2022 and 2021, even during broader bull markets. Technical analysis had earlier suggested a potential rally following a cyclical pullback pattern, but current market sentiment remains bearish, pressured by ongoing global economic uncertainty and U.S. tariffs. Despite price weakness, Dogecoin futures open interest is holding above $1.9 billion, reflecting sustained trader engagement. Machine learning models from Coincodex suggest DOGE could rebound above $0.21 by the end of June, implying a possible short-term recovery. However, unless broader market sentiment shifts, the price is expected to remain aligned with historical negative trends. Traders should closely monitor key support levels, open interest, and momentum indicators for tactical opportunities.

Bearish

Dogecoin has historically experienced its worst monthly performance in June, with significant declines documented in 2021, 2022, and 2024. So far in June 2025, the pattern has continued with a 4%+ drop, and broader market sentiment remains negative due to global economic pressures and U.S. tariffs. While technical analysis previously suggested the potential for a cyclical rally and machine learning models predict a possible rebound above $0.21, these are contingent on a broader shift in market sentiment. Until such a shift occurs, historical trends and current conditions suggest further downside or consolidation is likely. High open interest indicates sustained attention but not necessarily imminent price strength. Therefore, the short-term outlook remains bearish, tempered by the possibility of a technical bounce if momentum improves.