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Dogecoin is showing strong technical signals that could lead to a major breakout.
Elon Musk’s influence and community support continue to drive Dogecoin’s momentum.
A sustained move above $0.205 may set the stage for Dogecoin to target the $1 mark.
Dogecoin, the popular meme cryptocurrency, has recently been in the spotlight again. After months of slow movement, its price has started to rise. This has raised a key question: can the next big price jump, often called an “impulse move,” finally push Dogecoin past the $1 mark?
As of June 10, 2025, Dogecoin is trading at around $0.18. It has shown some strength, climbing from $0.13 just a few weeks ago. However, strong resistance levels and outside factors are still making it hard for the coin to take off completely. Let’s look at what’s happening with Dogecoin, why it’s gaining attention, and what could happen next.
One of the main reasons Dogecoin price moves is the attention it gets from high-profile figures like Elon Musk. In early June, there was a public disagreement between Elon Musk and former US President Donald Trump. While the details of their clash weren’t directly about Dogecoin, the argument affected the mood of the broader crypto market. Dogecoin dropped nearly 12% in one week as a result.
Besides this, June has historically been a weak month for Dogecoin. Data shows that in the past, Dogecoin has often fallen in value during this month. In 2025, the coin has already dropped about 4.6% in June, following the same pattern. However, records also show that Dogecoin tends to bounce back strongly in the second half of the year. Many traders believe this could happen again.
Looking at price charts, Dogecoin seems to be holding above a key support level near $0.18. If it can stay above this zone and close the week higher, especially above $0.205, it could set up a strong push toward $0.26 and even $0.40.
There is also a bullish “flag” pattern forming. This is a pattern that often shows up before a big price increase. The Relative Strength Index (RSI), which measures whether an asset is overbought or oversold, has also improved. On some longer-term charts, the RSI has moved above 60. In past cycles, when this happened, Dogecoin went up by over 500%.
Other technical studies, like Fibonacci retracement and Elliott Wave theory, point to possible future levels at $0.26, $0.30, $0.40, $0.69, and even $0.82. If the price rises above the key zone of $0.205–$0.208, there’s a good chance Dogecoin could hit those higher targets.
Meanwhile, trading data shows that short sellers—those betting on the price going down—have recently lost over $2.5 million as the price moved up. There has also been a 23% jump in futures trading activity, and most big traders are betting that the price will continue to rise.
While things are looking better for Dogecoin, there are still several risks.
First, June is a traditionally weak month. Even though Dogecoin rose slightly in the early part of June 2025, these gains could be temporary. In previous years, early June gains often faded as the month continued.
Second, there is a strong resistance zone between $0.186 and $0.198. If Dogecoin fails to break through this zone, or if it falls below $0.166, it could start a bigger downward move. In that case, the price might drop to $0.13 or lower.
Third, the price of Dogecoin often follows the broader crypto market. If Bitcoin or Ethereum drops sharply, Dogecoin is likely to follow, no matter how strong its signals might be.
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Many analysts and crypto experts have shared their predictions. Some believe that if Dogecoin can break through $0.205 and keep rising, it could reach $0.30 by the end of June. If the rally continues into July and August, targets of $0.75 or even $1 become possible.
One chart analyst recently pointed to a range of $0.65 to $1.25 based on past performance. Others have used Fibonacci calculations to suggest that $1 could be reached sometime in the second half of 2025.
But all of these predictions depend on Dogecoin successfully breaking key resistance levels. The path to $1 will not be easy or guaranteed.
Dogecoin’s popularity is not just about price charts. There are deeper reasons why it remains a top 10 cryptocurrency by market value, currently worth around $26 billion.
One big reason is Elon Musk. The tech billionaire has repeatedly supported Dogecoin over the years. Although there has been less talk about Dogecoin from Musk recently, any future updates or support from him could once again boost the price.
There is also the possibility of Dogecoin being used in real-world payment systems. Musk’s social platform, X (formerly Twitter), is working on payment services. Some believe Dogecoin might be included in those plans, although nothing has been confirmed yet.
Beyond that, Dogecoin has a strong online community. Its fan base is very active on social media, creating memes, sharing updates, and keeping the excitement alive.
On-chain data and trading volumes are also supporting the idea that Dogecoin might be building up energy for a big move. Short sellers have been squeezed out, and there is increased interest in future contracts. These are signs that traders are preparing for volatility, possibly to the upside.
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Bullish Scenario: If Dogecoin closes above $0.205 and gains momentum, it could jump to $0.26 or even $0.30. With continued strength, it might reach $0.50 or higher in the next few months. If volume increases and positive news flows in, a run to $1 by late 2025 becomes more realistic.
Neutral Scenario: Dogecoin may trade sideways between $0.18 and $0.21 for several weeks. Traders might wait for clearer signs. If there’s no strong news or market push, the price might rise slowly, possibly testing $0.30 later in the year.
Bearish Scenario: If the price fails to hold above $0.18 and breaks below $0.166, a larger correction could follow. In this case, Dogecoin could fall to $0.13 or lower. Negative market events, like regulatory changes or crypto-wide selloffs, could speed up the drop.
Dogecoin is at a key point. Despite past struggles, it is showing signs of life. The current setup suggests that a strong upward move could happen soon, if certain levels are cleared. Reaching $1 will take more than just hope. The price must move above $0.205, then $0.30, and stay strong through upcoming challenges.
The next few weeks will be critical. Traders, investors, and fans will be watching closely. If the bullish momentum holds and outside conditions remain favorable, Dogecoin might be preparing for its biggest move yet.
