Dogecoin (DOGE) May Be Repeating a Historical Pattern – Pintu News

Jakarta, pintunews – Despite being one of the most popular meme coins, Dogecoin (CRYPTO: DOGE) has struggled to maintain a positive price trend in 2025, especially when considering June’s performance.

As the price of Dogecoin continues to hover around $0.19, is there still a chance for the meme coin to rebound and reach its previous high before the year ends?

Dogecoin Price Analysis: RSI Indicates Potential Rebound

A glance at Dogecoin’s weekly price chart reveals that the meme token might have hit a local bottom. The RSI (Relative Strength Index) indicator has followed the same pattern as it did in the third quarter of 2024, preceding the 500% price spike.

Back then, the RSI briefly crossed the 50 mark before returning to the bearish zone as the bulls took over, pushing the price up from $0.08 to $0.48 over five months.

The same pattern occurred in early May when Dogecoin’s RSI crossed 50 but later fell back into bearish territory. Now, the RSI seems to be turning around again, similar to its status in August 2024 before the significant price increase.

If history repeats itself, the price of Dogecoin could potentially rise by over 500% to reach $1.23. If this scenario plays out, Dogecoin would hit a new record high.

However, if the price of DOGE drops below the crucial $0.13 support level, the above bullish scenario could be invalidated. This downward trend could occur if the “double-top” pattern on the Dogecoin chart—as analyzed by CoinGape—proves correct and selling pressure increases in the near future.

June Monthly Performance History Could Hinder Rise to ATH

According to analyst MAXPAIN on the X platform, June has been one of the worst periods for Dogecoin, with the coin generating negative returns for eight consecutive years from 2017 to 2024.

To date in June 2025, the DOGE price has only seen a slight increase of 1.8%.

The crypto market is known for repeating its historical patterns, and with bearish signs reappearing in June, it could hinder Dogecoin’s potential to make a significant run towards an All-Time High (ATH).

The best chance for Dogecoin to reach ATH before the year ends will likely come in the last quarter, as the prices of most cryptocurrencies typically experience a rebound during that time.

If the 500% spike depicted on the weekly chart actually happens in those few months, then the DOGE price has the potential to break the ATH level above $1 towards the year’s end.

28% Of Dogecoin Holders Are In The Red - Signalling A Bottom?

The Market Value to Realized Value (MVRV) ratio indicates that Dogecoin holders who bought within a year are currently in the red by an average of 28%.

Such large losses from the last year usually signal the formation of a bottom and become an accumulation zone for long-term investors.

Last year, before Dogecoin’s 500% price surge began, MVRV was also deeply in the negative zone—similar to the current situation. That decline was followed by a significant upward trend that pushed the Dogecoin price to its highest level in years.

If the pattern repeats itself, this negative MVRV could be a sign of the beginning of an uptrend. However, this bounce off the bottom is usually not instantaneous and can take several months.

This further strengthens the notion that a rebound to the highest price (ATH) may not happen anytime soon but is still possible before the year ends.

In conclusion, Dogecoin’s current RSI movement reflects a pattern that precedes a price surge of over 500% in the second half of 2024. If history repeats itself, DOGE could surge up to $1.23.

However, challenges remain in June, which is historically one of the worst performing months for this altcoin.

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