Dogecoin has already delivered plenty of drama this month. The popular meme coin spent the first days of June sliding lower, only to stage a recovery after finding support at a critical level. That rebound has brought DOGE back into an area that could determine whether the rest of the month ends with another push higher or a fresh wave of selling pressure.
The next two weeks may prove especially important because the current chart structure shows Dogecoin approaching a key decision point. One well-known analyst believes the path higher remains open, although several resistance levels still stand in the way.
June began with Dogecoin trading close to $0.10 before sellers gradually took control of the market. The decline continued for several days and eventually reached a low around $0.077 roughly 5 days into the month.
That low became an important turning point. Buyers stepped back into the market and pushed DOGE steadily higher. The recovery eventually carried the price back toward $0.089, where resistance once again appeared.
Dogecoin now trades around $0.085 after pulling back from that recovery high. The broader picture remains interesting because the June high near $0.10 and the June low near $0.077 may have already established the upper and lower boundaries for the month.
That possibility means the remainder of June could be focused on determining whether DOGE revisits the top of that range or drifts back toward support.
Crypto analyst Ali Charts recently shared a bullish short term outlook for Dogecoin.
A closer look at his chart shows Dogecoin trading inside an ascending channel since the beginning of June. The price has respected both the upper and lower boundaries of that channel several times throughout the month.
Recent price action shows DOGE pulling back after reaching the upper portion of the channel. The correction brought the price closer to support before buyers stepped in once again.
Ali’s analysis suggests that as long as the lower portion of the channel remains intact, Dogecoin could continue moving within the same upward structure. The first target would be the middle of the channel near $0.092. A stronger move could then carry DOGE toward the upper boundary around $0.095.
That outlook focuses on the short-term picture. The chart structure currently supports the possibility of another move higher during the final two weeks of June.
The $0.095 level carries additional importance because it sits close to the upper edge of the ascending channel.
DOGE would still need to overcome resistance around $0.09 before reaching that target. Buyers would then face another challenge near $0.095.
A successful breakout above both levels could open the door for a return toward the June high near $0.10. Such a move would place Dogecoin back near the level where the month began.
DOGE Price Chart / TradingView.com
Price action around those resistance zones may reveal whether buyers have enough strength to challenge the monthly high before June comes to an end.
The bullish outlook depends heavily on the ascending channel continuing to hold. The same channel structure can be seen on the 4 hour chart, which makes the lower trendline particularly important. A breakdown below that support could weaken the current recovery and increase downside risk.
The first support area below the channel appears near $0.082. Additional selling pressure could then push DOGE toward $0.080. Those levels would become important areas to watch if the current channel structure fails.
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The post Dogecoin Price Prediction for the Last Two Weeks of June: Can DOGE Reclaim $0.10? appeared first on CaptainAltcoin.


