Dogecoin Tumbles 4% in June – Just Another Crypto Bloodbath or a Buying Opportunity?

Dogecoin's June slump continues, mirroring the broader crypto market's seasonal woes. The meme coin shed over 4% this week—because nothing says 'sound investment' like a Shiba Inu-themed volatility rollercoaster.

Is this the bottom? Traders are split. Some see a classic crypto dip before the next hype cycle, while others brace for more pain. After all, in crypto, 'long-term hold' is just code for 'bagholder therapy.'

One thing's certain: Wall Street's still laughing all the way to their regulated, FDIC-insured banks.

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.