What will Dogecoin be like in June and July?

Dogecoin is drawing attention as it has held an important support level for over 600 days. Technical analysts are closely watching to see if past patterns may repeat, suggesting this meme coin could rise in 2025. The support trend line for Dogecoin price for 600 days Since the beginning of 2023, the price of Dogecoin has risen in a structured pattern, with stable support along the upward trend line. Trader Tardigrade points out that, according to data from TradingView, this trend line was formed 605 days ago. After the adjustment, the support level helped stabilize the meme coin and led to a price increase.

On the DOGE/USD 3-day chart, the trendline outlines how the price of this meme coin has continuously reacted throughout 2023 and 2024. Every interaction with this green zone leads to upward movement, further reinforcing its technical relevance. Currently, Dogecoin is near this support level, causing many to wonder if the price could reverse soon. The long-term model shows the potential for a bullish breakout. Besides the short-term support level, the price of DOGE has followed a repeating cycle characterized by a 3-month uptrend period, followed by a 5-month retracement period. In the past two years, this cycle has appeared twice, as the multi-month candlestick chart of Trader Tardigrade has indicated. If the market has recently behaved similarly to previous patterns, the price of Dogecoin may start to rise from June.

Notably, the current setup indicates that the five-month pullback ending in May 2025 may complete the adjustment phase of the cycle. In the past, this pattern was followed by a price increase. According to technical analysts, this formation could bring a stable increase for Dogecoin, with the July price targeted at around $0.35. In addition, the historical chart shows that the price of DOGE often covers more than 100% of the increase from the previous low during previous rallies. While price action may vary according to market conditions, the price structure alone has provided a basis for traders to monitor the repetition of patterns with caution. Analysis of potential support recovery in June-July Moreover, Trader Tardigrade's chart overlays the cyclical structure onto the current price, considering June and July 2025 as the anticipated bullish period. Each price increase lasting 3 months in the previous three phases began after the price of Dogecoin broke out of the 5-month consolidation zone. The technical expectation is that if the meme coin follows a similar trend, the price could recover and reach a higher resistance level. Moreover, the forecast line indicates the possibility of a rebound from the current range near $0.15. Therefore, continue aiming for the level of $0.30–$0.35 in the next 8 weeks. Therefore, these levels correspond to the historical areas where the price of Dogecoin previously peaked in past pump cycles. The presence of a reliable trend line and the consistency of the pattern used support this technical forecast. At the time of analysis, the price of Dogecoin is still close to the trend line, meaning that the support area has not yet been broken. There is no evidence that the upward trend line has been broken. If selling volume increases and the market continues to rise, historical prospects may not be affected. The current market context is still neutral. Meanwhile, at the beginning of June, the price of Dogecoin reacted steadily and the trading volume decreased from recent highs. However, the importance of these key support levels has guided future price fluctuations. Contributing to the price increase of Dogecoin, JD Vance has fueled speculation about a market rally by expressing hope that Elon Musk, the "Father of DOGE," might return to Trump's circle. However, the Vice President of the United States called Musk's fury a "big mistake." While Elon Musk temporarily heightened tensions by posting impeachment requests and accusations related to Epstein, he later deleted the provocative tweets, signaling a potential easing. As of the time of writing, the price of the top meme coin is trading at $0.1870, up 2.25% in the past 24 hours. After dropping to around $0.1804 early on June 7, the price reversed and began to rise steadily. The bullish momentum continued throughout the day, pushing DOGE to a daily high of nearly $0.187.