Dogecoin price may surge in June 2025 as analysts eye a rally to $0.34 backed by rising social volumes, according to Santiment data.
A proficient cryptocurrency trader predicts that Dogecoin (DOGE) will ascend to $0.34 in June 2025.
His optimistic perspective corresponds with on-chain data from Santiment, as social volumes surged by 12% within 24 hours despite a pessimistic sentiment prevailing in the broader cryptocurrency market.
DOGE is trading at $0.18, reflecting a 9% intraday decline.
The persistent decrease in Dogecoin’s value corresponds with Bitcoin relinquishing its profits, as most cryptocurrency tokens saw a downturn on Saturday.
Expert Anticipates 60% Increase In Dogecoin Price
Analyst Olivier Maximus on X suggests that Dogecoin’s price might attain $0.34 in June, contingent upon specific criteria being met.
Maximus asserted that DOGE must undergo a contraction before rallying and achieving its price goal in the forthcoming weeks.
The swing low will drive Dogecoin price towards the lower support level of a descending parallel channel, according to the analyst.
Upon testing this support, Maximus anticipates the price will rebound to the resistance at the top channel boundary before a twofold increase from the present price to $0.34 occurs.
This study parallels that of Tardigrade, which presented an even more optimistic forecast, indicating that Dogecoin price may not only attain $0.34 but even exceed $3.
He formulated this perspective based on the ascending broadening wedge pattern, following DOGE’s rebound from the lower support level.
This wedge formation is typically indicative of a bearish trend.
Tardigrade observed that Dogecoin has rebounded from the lower support level, and if it surpasses the resistance at the upper trendline, it might attain the target price of $3.80.
This forecast will be considered invalid if the uptrend from support diminishes and DOGE breaches the lower trendline support.
Notwithstanding the analyst’s optimistic perspective, a recent Coingape investigation disclosed that Dogecoin whales are divesting, having offloaded roughly 60 million tokens on exchanges within two days.
These substantial addresses frequently divest before a significant price decline and accumulate when DOGE has attained a local nadir and is poised for a bullish resurgence.
Surge In Social Volumes
Data from Santiment indicates a significant increase in Dogecoin’s social volumes, rising by approximately 12% within 24 hours, despite the Fear and Greed Index reflecting a market sentiment characterized by fear.
Within 24 hours, this measure rose from 229 to 256.
The social volumes measured by Santiment typically indicate increasing market interest and enthusiasm for a cryptocurrency.
Statistics are crucial in assessing market interest in meme coins, whose price fluctuations are susceptible to trader mood.
In summary, two analysts have expressed an optimistic forecast for DOGE’s price, with one anticipating a rise to $0.34 by June 2025, while the other suggests that a rebound from support might elevate the price to $3.
Santiment’s social volume measure indicates a surge as enthusiasm and attention escalate.
