Dogecoin Short-Term Price Prediction

According to short-term projections from Coincodex, further downside appears likely in the coming days despite a brief uptick forecast for June 6.

Recent Price Action

Dogecoin rallied sharply in early May, briefly pushing past $0.24. However, the momentum faded, and the price has steadily declined, recently falling below the $0.20 support. As of June 5, DOGE trades around $0.188—reflecting a broader cooling off in memecoin sentiment.

Coincodex Forecast: Bearish Outlook Ahead

Coincodex’s short-term model suggests only a minor potential upside before resuming its downward trajectory:

June 06, 2025: DOGE is projected to rise slightly to $0.1892 — a modest 0.09% gain. A “Buy” signal accompanies this outlook.

June 07 – 10, 2025: A steady decline is anticipated, with prices dropping to $0.1867, then to $0.1845, and eventually down to $0.1834 on June 9.

The trend bottoms out slightly higher on June 10 at $0.1846. These are all tagged with “Short” signals, suggesting bearish momentum.

Potential ROI for Short Positions

Traders considering short positions could potentially capture incremental returns, with Coincodex estimating:

1.23% ROI by June 7 2.42% ROI by June 8 2.98% ROI by June 9 — the most profitable short window 2.33% ROI by June 10

Conclusion

With the short-term trend pointing to further declines, traders may find more opportunity on the downside. DOGE’s price remains vulnerable after failing to reclaim key resistance zones, and Coincodex’s predictions reflect a cautious stance for the coming week.

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