Dogecoin Looks Like ‘It Wants To Play Dead’—Again

Within the late-cycle quiet of mid-June, veteran market technician Tony “The Bull” Severino, CMT, posted a month-to-month Dogecoin (DOGE) chart that implies the meme-coin’s exuberant bark may be fading right into a drained whimper. The 1-month candle view, printed on TradingView at 22:43 UTC+2 on 17 June 2025, fixes DOGE at $0.1694 — down roughly 2.3% on the session — and locations three stark black arrows the place prior macro-momentum crested, rolled, and in the end bled into extended draw back.

Is Dogecoin Simply Enjoying Lifeless?

On the worth pane, the primary arrow sits on the January 2018 peak, when DOGE briefly tagged the 2 cent space earlier than relinquishing almost all of its good points. The second arrow marks the euphoric blow-off in Could 2021, when the token spiked to only underneath seventy cents after which started an two yr descent. The third arrow lands on the newest cluster of decrease month-to-month highs that capped out just below $0.26 final month and has since slipped again beneath the psychological twenty-cent threshold.

Beneath the candles, Severino overlays his most well-liked long-term MACD (labelled “LMACD”) with default histogram. The indicator — blue for the quick line, orange for the sign line — data an virtually metronomic rhythm: steep constructive crossovers throughout parabolic advances, adopted by equally dramatic bearish flips as consumers are exhausted. The histogram’s tallest inexperienced bars in early 2017 and early 2021 coincide with these value spikes; in every occasion, as soon as the histogram pale to impartial and turned crimson, DOGE entered a multi-year drawdown.

Associated Studying

At the moment, that sample seems to be repeating. The blue LMACD line has simply crossed under the orange sign line, printing a modestly destructive histogram worth of -0.0263 whereas the sign rests at 0.1704 and the LMACD itself at 0.1440. The configuration mirrors the early levels of the 2018 and 2022 downturns, the 2 earlier rollover factors Severino emphasizes together with his arrows. In his personal phrases, the month-to-month oscillator “appears to be like prefer it needs to roll over and play useless,” hinting that the crossover could herald a deeper retracement towards historic assist zones.

From a structural perspective, DOGE is now trapped between the previous cycle’s flooring close to the five-cent mark and overhead resistance on the late-202 swing excessive round $0.48. The waning momentum on the LMACD suggests bears keep the higher hand until contemporary demand arrives shortly sufficient to invalidate the incipient bearish crossover. A decisive shut under the April low close to $0.13 would open the chart to vacuum-like territory, as little as the cycle bottom at $0.0491.

Associated Studying

Severino’s evaluation, whereas strictly technical, lands at a second when broader crypto liquidity is thinning forward of the summer time doldrums and as threat urge for food exhibits indicators of fatigue throughout digital belongings attributable to postponed hopes for the next rate cut by the US Federal Reserve and geopolitical tensions between Israel and Iran.

For long-term merchants who monitor momentum greater than memes, the month-to-month crossover carries extra weight than any viral tweet. Historical past doesn’t repeat precisely, however for Dogecoin holders it has rhymed with unsettling precision each time the LMACD has curled over from an elevated crest.

Whether or not the canine-themed coin has really curled up for an extended nap, or merely paused earlier than one other spherical of tail-wagging hypothesis, will rely upon how value reacts ought to the histogram develop extra destructive in coming months. For now, the chart’s message is unambiguous: Dogecoin’s dominant trend has misplaced its pulse, and momentum merchants could need to preserve a detailed ear to the canine’s respiratory earlier than assuming it is just taking part in.

At press time, DOGE traded at $0.168.

Featured picture created with DALL.E, chart from TradingView.com