Dogecoin Faces June Slump Risk Despite Recent Gains

As June approaches, Dogecoin (DOGE) investors may want to brace for potential downside. Historical performance data from CryptoRank indicates June has been a consistently weak month for the meme coin. Over the past decade, DOGE has posted losses in seven out of 10 Junes, with an average decline of 7.3% and a median drop nearing 10%.

Even during bullish periods, June has proven difficult. In 2021, amid a broader market rally, DOGE still plunged nearly 24%. The trend continued in 2022 with a steep 23% loss and again in 2023 with a 7.2% dip. By contrast, months like April, November, and December have historically been stronger, with April averaging over 60% in gains.

May 2025 was positive for DOGE, delivering a 28.2% increase after a muted April. This helped lift its Q2 performance, but momentum appears to be waning. After peaking above $0.26 in mid-May, DOGE has pulled back to just above $0.21, forming lower highs and shorter rallies — signs of market hesitation.

Technical indicators suggest caution is warranted. While a sharp crash isn’t guaranteed, June has historically been a month of consolidation or correction for Dogecoin. Unless bullish sentiment returns swiftly, the current setup may lead to another subdued or negative June.

Given the combination of seasonal weakness and technical resistance, traders should closely monitor DOGE’s price action. With the broader crypto market showing mixed signals, the coming weeks will be critical in determining whether Dogecoin can defy its June trend — or follow historical patterns once again.