Dogecoin (DOGE) has seen significant price fluctuations over the past month, surging above $0.24 in early May before gradually retracing to current levels near $0.19.
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.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/dogecoin-short-term-price-prediction/
