Jakarta, Pintu News – Dogecoin is below the weekly key level of $0.18 on June 16, 2025, signaling weakening bullish momentum.

Reporting from FX Street, DOGE is showing early warning signs, as on-chain data shows increasing selling pressure among holders, with profit-taking reaching a monthly peak and inactive wallet activity intensifying.

Dogecoin Price Drops 1.84% in 24 Hours

On June 17, 2025, Dogecoin experienced a 1.84% drop over a 24-hour period, trading at $0.1743, or around IDR 2,835. During this time, DOGE reached a high of IDR 2,941 and a low of IDR 2,758.

At the time of writing, Dogecoin’s market cap stands at around $26.1 billion, with trading volume rising 41% to $1.31 billion within 24 hours.

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Dogecoin holders record highest monthly gains

Santiment’s Network Realized Profit/Loss (NPL) metric shows that DOGE holders are recording some gains.

As seen in the chart below, NPLs experienced a significant spike on Saturday, marking the highest profit-logging activity since early May. This spike indicates that DOGE holders are, on average, selling their coins at a significant profit, thus increasing selling pressure.

A look at Santiment’s Age Consumed index also shows bearish signs. Spikes in this index indicate that tokens that have been sitting in wallets for a long time (inactive tokens) are starting to move, and this can be used to detect short-term local peaks or bottoms.

In the case of this dog-themed meme coin, history shows that the spike was followed by a drop in the price of DOGE as holders started moving their tokens from wallets to exchanges, which in turn increased selling pressure.

The last spike on Saturday was the highest since early May, which predicts that DOGE is poised for a downward trend.

Dogecoin Price Prediction: DOGE Poised for a Decline After Closing Below Key Support Levels

Dogecoin price experienced rejection from the 50-day Exponential Moving Average (EMA) at $0.195 on Wednesday and fell by more than 9%, closing below the weekly support level at $0.181 the following day.

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DOGE continued its almost 3% decline through Sunday. At the time of writing on Monday (16/6), the price of DOGE was at around $0.176.

If DOGE continues its correction, the price could drop further towards the April 22 low of $0.157.

The Relative Strength Index (RSI) on the daily chart stands at 38, below the neutral level of 50, indicating bearish momentum. The Moving Average Convergence Divergence (MACD) indicator on the daily chart also shows a bearish crossover, giving a sell signal and further supporting the bearish view.

However, if DOGE recovers and closes above the weekly resistance level at $0.181, it could resume its rally towards the next resistance, which is the 50-day EMA at $0.195.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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