The month of June has been historically bearish for the Dogecoin price, and so far, June 2025 is following the same trend. With just a little over a week into the month, the Dogecoin price has already seen a decline of over 4%, suggesting it is sticking to the established trend. If this is the case, then there is still a long way to go for the meme coin, as historical data suggests that there is more decline to come.
4% Losses May Not Be The End
According to data from the CryptoRank website, the Dogecoin price is already down 4.57% in the month of June. But going by the performance of previous years leading up to 2025, this is still quite low compared to how much further the price could crash.
For example, the Dogecoin price suffered a 21.9% decline in June 2024 and a 7.18% crash in June 2023. Going further back, there was a loss of 23.3% back in June 2022 and then a similar loss of 23.9% back in June 2021. The latter’s performance is even more important because the 23.9% decline happened in the height of the crypto bull market.
Overall, the month of June has rarely ended well for the meme coin’s price, with only two green monthly closes in its over 11 years of existence. The average return for June is the lowest at -7.11% for the Dogecoin price, and the second lowest median return of -8.56%, second only to August’s median returns of -9.98%.
Sticking to this average, a further decline could happen as the Dogecoin price moves closer to the average return for the month. A similar trend would see the price go toward the -7% territory before the month is over.
Can The Dogecoin Price Defy The Odds?
With Donald Trump’s tariff war against countries like China still in full swing, the crypto market is still feeling the effects as prices remain low. Altcoins like Dogecoin have suffered the brunt of the decline, and a continuation would push their prices further down.
However, the machine learning algorithm on the Coincodex website has predicted a possible retracement upward that could push the Dogecoin price back toward the green this month. It suggests a recovery above $0.21 by the end of June, which would mean an over 10% increase in price from here.
Open interest has also remained relatively stable this month, ranging above $1.9 billion, Coinglass shows. This means there is still sustained interest in trading the meme coin, with sentiment skewing toward bullish territory as the Bitcoin price remains above $100,000.
Featured image from Dall.E, chart from TradingView
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