Dogecoin Price Prediction in June 2025

Dogecoin (DOGE), the original meme cryptocurrency, has regained market attention following a wave of bullish catalysts in May 2025. After navigating significant volatility, the asset now shows signs of renewed momentum supported by favorable technical indicators, robust on-chain data, and a resurgence in investor sentiment.

Technical Analysis

Dogecoin (DOGE) experienced significant volatility throughout May. After rallying to the $0.25–$0.26 range in early May, the price retraced to around $0.21–$0.22 by mid-month. Currently, a key support zone between $0.212 and $0.214 remains intact, with notable rebounds accompanied by high trading volume – an indication of active buying interest at this level. The $0.2135 mark is seen as a critical threshold; a breakdown below this level could trigger further downside toward $0.20 or even $0.19.

On the upside, DOGE would need to break through resistance levels at $0.222 and $0.2307 to reestablish a bullish trend. A sustained move above $0.23 could invalidate the current weak signals and reinforce a recovery. According to technical data, the next key support levels are at approximately $0.211 and $0.204, while the $0.235–$0.24 area stands out as a significant resistance zone to watch.

The daily chart also shows the formation of a “bull flag” pattern, which typically suggests a continuation of the prior uptrend. If confirmed by strong buying momentum, this setup could propel DOGE toward a target around $0.35.

As for momentum indicators, both the RSI and MACD are showing neutral to mildly bullish signals. The 14-day RSI is hovering around 55 close to neutral territory and not indicating any clear overbought or oversold conditions. 

Meanwhile, the MACD line on the daily chart formed a bullish crossover in mid-May, echoing patterns seen before previous DOGE breakouts. Trading volume remains elevated, particularly during retests of the $0.21–$0.22 support area, which suggests that dip-buying activity from investors is still robust.

On-Chain Activity of Dogecoin

Dogecoin’s on-chain data further reinforces the technical analysis, offering strong support for a bullish outlook. Whale wallets – those holding large amounts of DOGE, have shown notable accumulation behavior in recent weeks. 

In April and May 2025 alone, these whale addresses collectively net-purchased over 1 billion DOGE, bringing their total holdings to approximately 25.97 billion DOGE. This sustained accumulation signals growing confidence among major investors in Dogecoin’s upside potential.

At the same time, there has been a significant uptick in large on-chain transactions (over $100,000 in value). In early May, data from IntoTheBlock revealed that more than 60.9 billion DOGE was moved by whale addresses within a single 24-hour period – marking a 41% increase in large transactions compared to the average. Such surges are typically associated with portfolio rebalancing by institutional or high-net-worth holders ahead of anticipated market volatility.

In addition, the number of daily active addresses on the Dogecoin network spiked dramatically, reaching a peak of around 469,000 on May 13 – a 528% increase within just one day. This sudden surge suggests a renewed wave of retail engagement, coinciding with positive news such as the SEC’s acknowledgment of a Dogecoin ETF filing.

Another key metric, the Net Unrealized Profit/Loss (NUPL) indicator for long-term DOGE holders, has crossed above 0.5. This level typically marks a transition into the “belief” phase, where the majority of long-term holders are in profit and sentiment turns increasingly bullish. In practical terms, this suggests that many long-time holders now have greater conviction in a continued uptrend, rather than looking to take profits in the near term.

Fundamentals and Market News

Dogecoin ETF Expectations

Dogecoin has been at the center of media and community attention in late May 2025, largely driven by growing speculation around the approval of a Dogecoin-based ETF. This narrative has become a major catalyst behind DOGE’s recent upward momentum.

In April, the U.S. Securities and Exchange Commission (SEC) announced a delay in its decision on several Spot ETF applications, including those for Dogecoin (proposed by Bitwise) and XRP, pushing the review deadline to June 2025. 

While the postponement initially dampened market enthusiasm, sentiment rebounded in mid-May when the SEC officially acknowledged the Dogecoin ETF filing submitted by 21Shares.

The SEC’s formal acknowledgment of the 21Shares DOGE ETF application on May 14 significantly boosted investor confidence, suggesting that Dogecoin could soon be integrated into traditional financial products. As of now, there are at least four Dogecoin-related ETF proposals under SEC review, with preliminary decisions expected as early as Q2 2025.

At the macro level, the broader crypto market has also entered a more favorable phase compared to earlier in the year. Bitcoin broke above the $100,000 mark for the first time in early May, setting a new two-month high and reigniting bullish momentum across digital assets. This breakout, combined with a wave of positive macroeconomic news, has fueled a market-wide rally.

Major altcoins have surged in response, with Dogecoin notably leading the charge on May 10 by posting a daily gain of over 10%. The convergence of ETF optimism, macro tailwinds, and renewed retail and institutional interest continues to provide strong support for DOGE’s ongoing recovery.

Read more: Trading with Free Crypto Signals in Evening Trader Channel

Elon Musk Dogecoin Relationship

Another crucial fundamental factor supporting Dogecoin is the ongoing endorsement and attention from high-profile individuals and institutions – most notably, Elon Musk. The billionaire entrepreneur has long been a vocal supporter of Dogecoin, and his remarks or actions related to the token often trigger sharp movements in price and market sentiment. 

As of mid-2025, Musk continues to engage with the DOGE community on his social media platform, X, sustaining interest and visibility for the coin.

Earlier this year, reports surfaced that X is developing a new payment service called “X Money,” expected to launch sometime in 2025. According to CEO Linda Yaccarino, the service is designed to resemble China’s WeChat in functionality – though official details remain limited. 

This development has sparked widespread speculation within the crypto community that X Money may include support for cryptocurrencies. Given Elon Musk’s well-known support for Dogecoin, many consider it a strong candidate for future integration.

Charles Hoskinson, founder of Cardano, even publicly offered to assist Musk in implementing DOGE into the X platform, should the opportunity arise, further stoking optimism among DOGE supporters.

Additionally, the Dogecoin community remains one of the most active in the crypto space, frequently organizing online events to promote awareness and engagement. A prime example is the annual “Dogeday” on April 20 (4/20), which often trends online and brings renewed attention to the project.

Overall, Elon Musk’s influence, combined with grassroots community efforts and potential real-world integration via X Money, continues to play a powerful role in shaping Dogecoin’s narrative and investor expectations.

Dogecoin Price Prediction in June

Dogecoin’s price trajectory heading into June 2025 appears cautiously bullish, underpinned by improving technical structure, favorable on-chain metrics, and strong fundamental narratives. If current momentum continues, DOGE is well-positioned to sustain its recovery phase throughout the month.

Analysts and market observers suggest a gradual yet steady uptrend, with bullish price targets ranging from $0.3 to $0.35.

Several factors support this positive momentum: moderate market enthusiasm, increased participation from institutional capital, and compelling narratives surrounding Dogecoin, including the ongoing ETF developments and Elon Musk’s continued influence. These fundamental drivers will likely catalyze investor confidence and strengthen market demand.

While a meteoric rally akin to previous “altcoin seasons” may be unlikely in the immediate term, a steady gain of 15–30% over the course of June appears within reach, provided current market dynamics remain supportive. The combination of technical setups, on-chain accumulation, and favorable sentiment places Dogecoin in a strong position to extend its recent recovery in the coming weeks.

Conclusion

While external market risks and regulatory uncertainties persist, the current outlook suggests DOGE could reach the $0.3–$0.35 range, with a breakout toward $0.35 or higher possible if bullish catalysts materialize. 

As always, investors should monitor both macro conditions and network-specific signals closely, but the stage appears set for Dogecoin to continue its upward trend in the weeks ahead.