As of June 2, 2025, Dogecoin (DOGE) is trading at approximately $0.1907, reflecting a slight decline of 0.43% from the previous close. The day's trading range has seen a high of $0.1943 and a low of $0.1876.
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📊 Technical Analysis: Support & Resistance Levels
Support Levels:
$0.1950–$0.1900: $DOGE zone aligns with the 0.5–0.618 Fibonacci retracement levels and prior breakout points from April. A close below $0.1900 could trigger a further decline toward $0.1790 and potentially $0.1650.
$0.1790: Corresponds to the 0.618 Fibonacci retracement level, serving as a significant support in the event of a downturn.
$0.1660: Represents a weekly trendline support, which could act as a strong demand zone if prices fall further.
Resistance Levels:
$0.2100: A psychological resistance level; reclaiming this could indicate a shift in momentum.
$0.2215–$0.2310: An overhead supply zone; breaking above this range may open the path to higher levels.
$0.2535: A strong rejection zone; surpassing this would be necessary for a bullish trend continuation.
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📈 Price Predictions for June 2025
Short-Term Outlook: Analysts forecast that if DOGE maintains support above $0.1900, it could attempt to retest the $0.2100 resistance level. However, a failure to hold this support may lead to a decline toward $0.1790 or even $0.1650.
Mid-Term Forecast: Should bullish momentum persist and $DOGE reclaims $0.26, the price may head toward $0.285–$0.30. In a less favorable market, range-bound movement between $0.20–$0.24 is more probable.
Long-Term Projections: Considering various scenarios, some forecasts suggest that DOGE could reach a maximum of $1.58, with a minimum of $0.14 and an average price of $0.25 by the end of 2025.
