Dogecoin Wave Analysis – 5 June 2025

Dogecoin : ⬇️ Sell

– Dogecoin broke key round support level 0.2000

– Likely to fall to support level 0.1600

Dogecoin cryptocurrency is under bearish pressure after the earlier breakout of the key round support level 0.2000 (former strong resistance from March) coinciding with the support trendline of the daily up channel from March.

The price briefly corrected up to test the broken price level 0.2000 (acting as the resistance after it was broken) – after which it continued to fall in the active impulse wave 3.

Dogecoin cryptocurrency can be expected to fall to the next support level 0.1600, former low of wave (iv) from the start of May.

Source: https://fxpro.news