Dogecoin Trading at $0.085 Shows Bottoming Signal in June, Analyst Says

According to Joao Wedson, founder of the on-chain analysis platform Alphractal, Dogecoin entered a price bottoming phase in June 2026, based on the Cumulative Value Days Destroyed (CVDD) metric. Wedson noted that this metric has historically been accurate for identifying DOGE price bottoms, with major reversals typically following each time the indicator approached 1. The bottoming signal will be confirmed if Dogecoin falls below the $0.08 level, which Wedson identifies as an ideal entry point for accumulation.

DOGE currently trades at $0.085, with key support at $0.0883. Wedson expects the meme coin to bottom in June—potentially before Bitcoin, which typically bottoms in Q3 or Q4 during bear market phases. Other analysts predict DOGE may experience volatility in June similar to June 2020, with potential support holding around the technical levels.