Dogecoin Drops 20% in 3 Days: Why DOGE Price Could Fall Harder This June

Dogecoin has started June under pressure after losing roughly 20% over the last 3 days. The decline came shortly after DOGE tested a major resistance area that has stopped previous rallies. That rejection is now drawing attention because one analyst believes the chart is showing a setup that has appeared before major Dogecoin pullbacks.

The meme coin traded near the upper end of its recent range around $0.11 before sellers stepped in. DOGE now changes hands near $0.096, and the latest chart structure suggests the correction may not be over yet.

Trader Tardigrade Says Dogecoin Has Reached A Historic Rejection Zone

Crypto analyst Trader Tardigrade recently shared a long-term Dogecoin chart that points to a familiar pattern. The chart shows DOGE trading inside a massive descending broadening channel that has shaped price action for years.

The analyst notes that Dogecoin previously rallied into the upper resistance of this channel in 2017 and 2020. Both moves ended with strong rejections that were followed by deep corrections. A similar test has now appeared again in 2026.

The chart shared by Trader Tardigrade focuses on a higher-timeframe view and shows Dogecoin sitting near overhead resistance. That area has acted as a ceiling multiple times in the past. The analyst argues that this is a rejection zone instead of a breakout zone.

Another important detail appears on the chart. DOGE has already slipped below an ascending support structure that had supported the recent recovery attempt. That breakdown weakens the bullish case and increases the possibility of additional downside pressure.

The warning comes at an interesting moment because Dogecoin has already dropped around 20% during the last 3 days. That decline suggests sellers have become more active after the latest resistance test.

Related Article: Grok AI Predicts Dogecoin Price if Elon Musk Officially Uses DOGE for X Payments and Subscriptions

Dogecoin Price Is Moving Back Toward The Bottom Of Its Trading Range

A look at the recent DOGE chart shows that Dogecoin has been trading inside a clear range for some time.

The upper boundary of that range sits close to $0.11. Buyers pushed the price into that zone but failed to produce a sustained breakout. Once the rally lost strength, DOGE quickly turned lower.

The next important level sits near $0.084. That area marks the lower boundary of the range and could become the next target if the current weakness continues.

Support levels often attract buyers during corrections. A bounce from $0.084 could keep Dogecoin trapped inside the same range that has controlled price action for weeks.

Pressure could increase if DOGE breaks below that support level. Such a move would expose the $0.080 area, which stands as the next notable level on the chart.

The bigger concern comes if Dogecoin loses both $0.084 and $0.080. Range breakdowns often lead to stronger directional moves because support that previously held the market no longer exists. A break beneath those levels would support the bearish scenario outlined by Trader Tardigrade and could lead to a much deeper correction.

Read Also: Solana (SOL) Prints Never-Before-Seen Chart Signal: Similar Pattern Preceded a Massive Rally

Bullish traders still have a path forward. DOGE would need to reclaim the upper range and push above the resistance zone near $0.11. Such a move would weaken the current bearish setup and force the market to reassess the outlook.

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