Dogecoin Price Prediction for June 3: Bullish Momentum Wanes

The Dogecoin price experienced a modest increase of 2.8% within the last 24 hours, according to CoinMarketCap. This bullish momentum is losing steam as analysts suggest that traders are facing a period of indecision with no clear direction for the meme coin’s price trajectory. 📈 On the hourly chart, Dogecoin is displaying a fluctuating pattern after establishing support at $0.1932. If it remains near this level, a potential upsurge toward the $0.20 mark might occur. However, medium-term analysis reveals no clear dominance from either side. The price of DOGE continues to hover away from key support and resistance levels. As a result, significant price movements within the short term are considered unlikely. 📉 Meanwhile, the mid-term outlook paints a more bearish picture. A close look at the upcoming weekly candle’s closing may offer insights into potential direction for Dogecoin. Breaking past the crucial level of $0.1855 could signal further declines to the $0.17-$0.18 range. Currently, Dogecoin is trading at $0.1960.