Jakarta, Pintu News – Dogecoin , the meme-famous cryptocurrency, has shown a significant increase in momentum ahead of June 2025. With various supporting factors, including speculation of integration with Elon Musk’s new payment platform, Dogecoin looks set to experience a significant price increase.

Dogecoin (DOGE) Technical Analysis

Dogecoin (DOGE) experienced high volatility during May 2025, with prices briefly rising to the $0.25-$0.26 range before dropping to around $0.21-$0.22. Currently, the key support zone between $0.212 and $0.214 is still intact, with price bounces supported by high trading volumes. This suggests there is active buying interest at these levels. If Dogecoin manages to break the resistances at $0.222 and $0.2307, this will confirm the bullish trend and possibly push the price towards $0.35.

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Dogecoin (DOGE) On-Chain Activity

Dogecoin’s on-chain data is showing positive signs that support technical analysis. Large wallets, or whales, have shown significant accumulation behavior, with net purchases of over 1 billion DOGE recently. This indicates growing confidence among large investors in Dogecoin’s upside potential. Additionally, there has been an increase in large transactions on the Dogecoin network, which is often an indicator of portfolio rebalancing by large holders ahead of anticipated market volatility.

Fundamentals and Market News

Speculation regarding the approval of a Dogecoin-based ETF has been the main catalyst behind Dogecoin’s recent upward momentum. The SEC has recognized the ETF filing by 21Shares, which significantly boosts investor confidence. On the other hand, Elon Musk continues to support Dogecoin through his social media platform, X, and there are speculations that a new payment service developed by X, called “X Money”, might support cryptocurrencies, including Dogecoin.

Conclusion

With an improving technical structure, supportive on-chain metrics, and a strong fundamental narrative, Dogecoin (DOGE) is well-positioned to continue its recovery phase in June 2025. Although the crypto market in general faces external risks and regulatory uncertainty, current indicators suggest that Dogecoin could reach a price range of $0.30-$0.35, with the potential to reach higher if bullish catalysts materialize.

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

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