Will June be a bleak month for Dogecoin? Check out the Analysis!
Jakarta, Pintu News – Dogecoin looks set to close out May with encouraging results, recording gains for the second month in a row. This is quite surprising given the market’s rather pessimistic expectations. However, it’s worth noting that June has often been a down month for Dogecoin (DOGE), with more downs than ups since the cryptocurrency was launched.
June’s Gloomy History for Dogecoin
Since its launch over a decade ago, Dogecoin (DOGE) has only recorded a June close in the green twice. From 2017 to 2024, Dogecoin (DOGE) has experienced declines in June without exception. For example, June 2017 closed with a decline of -2.38%, and this negative trend continues into June 2024 with a decline of -21.9%.
Historical trend analysis shows that even in bullish years, June remains a challenging month for Dogecoin (DOGE). With an average return of -7.34% over the years, June has been the worst performing month for the cryptocurrency. Therefore, there is a high probability that the Dogecoin (DOGE) price will experience another drop in the coming month.
Also Read: 3 Latest Airdrop Tokens to Follow in Early June 2025!
Prediction Algorithms and Market Expectations
According to the machine learning algorithms at CoinCodex, there are indications that June might be different from the established pattern. Initial predictions indicate a possible price drop below $0.22. However, as time passes, a recovery is expected.
While these predictions provide some hope, investors and market watchers should still be prepared for unfavorable possibilities. Given the historical track record, it is imperative to watch closely and perhaps consider a more conservative strategy in investing in Dogecoin (DOGE) during the month of June.
Analysis and Future Strategy
Investors should consider adopting a cautious approach to Dogecoin (DOGE) in June. Given the historical negative skew, portfolio diversification and the use of stop-losses could be a prudent strategy. In addition, actively monitoring market developments and related news can help in making informed investment decisions.
It is also important to pay attention to external factors such as global macroeconomic conditions and regulatory changes that could affect the crypto market as a whole. With the right preparation and strategy, investors can minimize risks and even take advantage of opportunities that arise despite uncertain market conditions.
Conclusion
While June has historically been a difficult month for Dogecoin (DOGE), changing trends are part of the dynamics of the crypto market. With a good understanding of the history and current market conditions, and the right investment strategy, investors can face June more prepared and confident.
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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.
Reference
- NewsBTC. Dogecoin Has Its Worst Month in History. Accessed on May 30, 2025
- Featured Image: Generated by AI
