Dogecoin (DOGE) may soon revisit its all-time high, as a key technical indicator suggests that the largest meme coin is poised to bounce back from its recent low. However, historical data suggests that June is one of the worst-performing months for Dogecoin price, with only three positive returns since 2014. Amid the mixed signals, can Dogecoin revisit its all-time high of $0.73 in 2025?
Dogecoin price had posted a slight gain of 1.7% at press time to trade at $0.19. Its gains follow a recovery across the meme coin market, with the total market cap of these tokens increasing by $3 billion today, June 3.
Dogecoin Price Analysis as RSI Signals Rebound
The weekly Dogecoin price chart suggests that the meme token may have hit a local bottom. The RSI is following the same trend that it did in Q3 2024 before a 500% rally ensued. At the time, the RSI rose briefly above 50, then fell back into the bearish zone, before the bulls took charge and fueled a price rally from $0.08 to $0.48 within five months.
This pattern is in play again, as it was in early May, when Dogecoin’s RSI rose above 50 for a brief period, but it has since returned to bearish territory. Currently, the RSI is tipping north again, similar to its position in August 2024, before a bullish breakout.
If history rhymes, Dogecoin price may record an over 500% rally to $1.23. At this point, Dogecoin will have reached $1.23, an all-time high level, and such a rally could take months to unfold as it did last year.
DOGE/USDT: 1-Week Chart
However, if the price of DOGE falls below the $0.13 critical support, the above bullish thesis may be invalidated. This downtrend may occur if Dogecoin’s double-top pattern, as recently outlined by a CoinGape analysis, plays out, if there is more sell-off in the near term.
Historical Returns in June Could Hinder Rally to ATH
June has been one of the worst-performing months for Dogecoin, after recording negative returns for eight consecutive years between 2017 and 2024, per analyst MAXPAIN on X. So far in June 2025, DOGE price has posted a modest 1.8% gain.
Dogecoin’s Monthly Returns
The crypto market is famed for repeating historical patterns, and with June flashing bearish signs, it may derail the ability of this top meme coin to make significant gains to an ATH.
The best chance that Dogecoin price has to get to an ATH before 2025 ends is during the last quarter of the year, when most crypto prices tend to rebound. If the 500% surge depicted by the weekly chart plays out during these months, the price may reach an all-time high above $1 by year-end.
Dogecoin Holders are 28% Underwater – Bottom Signal?
The Market Value to Realized Value (MVRV) ratio shows that the current Dogecoin holders who acquired DOGE in the last year are 28% in losses. Such heavy loss-making has often signalled a bottom formation and an accumulation zone by long-term holders.
Dogecoin MVRV Ratio
Last year, just before Dogecoin’s 500% rally commenced, the MVRV was deeply into the negative zone, as is currently the case. This decline preceded a notable uptrend that pushed Dogecoin price to multi-year highs.
If history rhymes again, the negative MVRV could signal an upward trend. However, bouncing from this bottom is not immediate and often takes several months. This further supports the thesis that a rebound for Dogecoin price to an ATH may not occur soon, but it is still possible before the end of the year.
To sum up, Dogecoin’s RSI movement mirrors the over 500% rally that occurred during the last half of 2024. If history repeats itself, this meme coin may surge to $1.23. However, DOGE still faces headwinds in June as this has often been one of the worst-performing months for the altcoin.
For a more detailed forecast for Dogecoin price between 2025 and 2030 – Read This.
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muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
