Will Dogecoin Price Crash to $0 in June?

Dogecoin (DOGE) price is once again in the spotlight—this time not for a meme-fueled rally, but for fears of a dramatic crash. As June 2025 begins, several red flags are flashing on the charts, and recent headlines involving Elon Musk stepping away from his role in Trump’s "DOGE" government initiative have only added fuel to the fire. Could this be the beginning of Dogecoin price downfall, or is the market simply overreacting?

Dogecoin Price Crash: What Do the Charts Say?

Dogecoin price is currently trading at $0.19009, a level dangerously close to key support zones. On the daily chart, DOGE has broken below both its 20-day and 50-day moving averages, which sit at $0.22253 and $0.19578 respectively. More concerning is the proximity to the 100-day SMA ($0.18874). If this level fails to hold, the next psychological and technical support lies near $0.150, a 21% drop from current levels.

The hourly chart confirms this bearish sentiment. DOGE price has been in a steady downtrend since May 29, forming lower highs and lower lows. Price is suppressed below all key moving averages (20, 50, 100, and 200 SMA), with strong resistance stacked around $0.195 and $0.207. Short-term momentum remains weak, and every intraday bounce is being sold into.

Let’s break this down numerically:

From $0.207 resistance to $0.190 = -8.21% decline.

If Dogecoin price breaks the $0.188 support, the likely fall to $0.150 would mean ~21% downside. From current price to zero = theoretical -100% loss, which may sound extreme, but the structure isn't denying the trend is heavily bearish.

Dogecoin Price Prediction: Why Is Elon Musk’s Exit a Big Deal?

On Thursday night, Elon Musk abruptly announced he was stepping down from his role as lead adviser of the Department of Government Efficiency (DOGE)—a Trump initiative loosely referencing Dogecoin. While the connection between real DOGE and this political appointment was always tongue-in-cheek, the crypto market doesn't always distinguish between satire and sentiment.

For a coin like Dogecoin, where much of its value is sentiment-driven and closely tied to Musk’s persona, this departure is more than symbolic. It removes a key bullish catalyst. Every time Musk tweeted about DOGE in the past, price spikes followed. Without him in the narrative, investor confidence is visibly fading.

Can Technicals and Sentiment Combine to Crash DOGE Price to Zero?

Technically speaking, a complete collapse to zero is improbable unless there’s a protocol failure, legal ban, or massive delisting wave. But a 60–80% decline from here is feasible under extreme bearish pressure. If DOGE price loses the $0.150 support, the next major support lies at $0.10, followed by $0.05—levels not seen since early 2023.

This is supported by chart-based Fibonacci extensions. Using the high of $0.45 and recent swing low of $0.15, the 1.618 extension lands near $0.05, giving weight to the bearish thesis.

Moreover, social media interest in DOGE is declining. According to Google Trends, Dogecoin price searches have fallen over 70% since April 2025. Volume on Binance has dipped by nearly 40% over the past 10 days. These are signs of drying demand—never a good omen for a speculative asset.

Dogecoin Price Prediction: Will Dogecoin Price Crash in June?

The odds are stacking up against Dogecoin price in June 2025. The charts are clearly bearish, key supports are weakening, and Musk—the lifeline of Dogecoin's hype—has exited the narrative stage. A complete crash to zero remains unlikely without catastrophic news, but a fall to $0.10 or even $0.05 is technically within reach if support at $0.188 and $0.150 collapses.

For now, cautious traders are advised to stay on the sidelines or consider short positions with proper risk management. As the meme fades and the fundamentals remain weak, Dogecoin might be heading back to where it came from—hype with no support.