Dogecoin (DOGE) Price News: DOGE Tests $0.20 Resistance Amid Fresh Bullish Momentum – What’s Next?

The meme-inspired cryptocurrency has shown renewed strength in early June 2025, bolstered by institutional activity, technical signals, and growing retail enthusiasm.

DOGE Price Tests Key Resistance

In the past 24 hours, Dogecoin rose approximately 2.4%, moving from $0.192 to a high of $0.20, according to Brave New Coin data. This climb followed a significant $20 million DOGE transfer to Coinbase, which many analysts interpret as a sign of whale or institutional involvement.

Dogecoin (DOGE) was trading at around $0.20, up 0.84% in the last 24 hours at press time. Source: Brave New Coin

Technical indicators reflect a bullish trajectory. Support has formed at $0.194, while the $0.198–$0.200 zone now poses the next key challenge. A sustained breakout above this resistance could see DOGE testing $0.205 in the short term, as per the current Dogecoin price analysis.

“DOGE’s recent surge shows strong buyer interest, particularly from larger players,” analysts noted. “This liquidity boost and volume spike suggest the meme coin remains a speculative favorite despite broader market caution.”

Chart Patterns Signal Bullish Structure

From a technical standpoint, Dogecoin is currently at a pivotal juncture. Cantonese Cat, a well-followed market analyst, identified a key demand zone between $0.185 and $0.195, a region that has flipped between resistance and support since February.

Dogecoin could retest the $0.30 resistance in June if the price can break and hold above the $0.20 level. Source: Fibonacci6180 on TradingView

“It’s not a tweezer bottom; it’s a trident bottom to test demand,” the analyst stated. “Now let’s see if $DOGE forks it all up from here.”

Should DOGE close above this zone, it would likely re-enter the gap left during early May’s breakdown, which stretches from $0.195 to $0.215. A drop below $0.185, however, could trigger a retest of the April low near $0.13, introducing a new Dogecoin challenge for bulls.

Parabolic Support Suggests Long-Term Uptrend

Another respected trader, ANBESSA, remains optimistic about the Dogecoin prediction over a longer time frame. According to their 15-month analysis, the current retracement in DOGE aligns with a classic 0.382 Fibonacci pullback and a parabolic guide-curve, both of which hint at the possibility of a rebound.

Dogecoin has surged 50%, with the projection from the $0.14 mid-range bottom to $0.23 playing out as an ideal high-time-frame entry. Source: Anbessa via X

“Still perfectly in sync with my projection,” ANBESSA wrote on X. “In a bull market, dips are made for buying.”

The alignment of short- and long-term technical roadmaps could provide added confidence to long-term Dogecoin investors looking for strategic entry points.

Mysterious Tweet Adds Fuel to Speculation

On June 3, the official Dogecoin X account posted a cryptic message that sparked a frenzy among community members. Though the tweet simply read “soup,” many took it as a signal of a pending announcement or marketing move. The price of DOGE briefly reacted, climbing 1% to test $0.20.

While there were no official updates tied to the post, the Dogecoin network remains highly sensitive to social signals and online sentiment, particularly with Elon Musk’s continued — albeit indirect — influence.

Market Fundamentals and Volume Trends

Despite recent price fluctuations, Dogecoin remains one of the most actively traded cryptocurrencies, with a 24-hour trading volume hovering around $862 million and a market cap of nearly $29.4 billion.

Although DOGE has fallen 16% in the past week, it’s still up 7% over the past month and 20% year-to-date. This moderate yet consistent growth reflects resilience in the face of wider market uncertainties — a point echoed by institutional traders viewing DOGE as a hedge against volatility.

What’s Next for DOGE?

Looking forward, the path ahead for Dogecoin hinges largely on its ability to secure a daily close above the $0.200 mark. Should that happen, the next target lies between $0.215 and $0.259, with bullish projections even suggesting a rise toward $0.25 by the end of June and potentially $0.70 by year-end.

Dogecoin is consolidating near its 1W MA50 after rebounding from the 1W MA200, signaling a potential start to its final-year rally based on historical cycle patterns. Source: TradingShot on TradingView

However, caution remains warranted. The 30-day moving average recently dipped below the 200-day average, and DOGE’s relative strength index (RSI) hovers near 40, hinting that further consolidation or correction may precede another leg upward.

Still, sentiment surrounding Dogecoin value remains upbeat, especially with large whale entries and loyal community backing. For now, investors are watching closely to see if this latest momentum can finally launch DOGE out of its sideways range.

Final Thoughts

The recent surge in DOGE price underscores the growing interest from both institutional and retail players. With technical support strengthening and social sentiment on the rise, Dogecoin appears poised for a potential breakout — provided it can overcome the looming $0.20 barrier.

As always in crypto markets, timing is everything. And for Dogecoin news, June might just be the month when this meme coin makes a serious move.