Coincodex’s short-term analysis indicates that Dogecoin (DOGE) is likely to continue declining in the coming days, despite a brief upside expected on June 6th. Although there was a brief rally in early May, pushing past $0.24, momentum has faded and prices have steadily fallen below the $0.20 support. As of June 5th, DOGE trades around $0.188, signaling a wider cooling down in memecoin sentiment. Coincodex’s short-term model predicts continued downward pressure: A minor increase is anticipated on June 6th to reach $0.1892 before resuming its decline, with further drops expected over the following days and ending on June 10th. These projected price movements are flagged with “Short” signals, indicating bearish momentum. Potential short-term gains remain available for traders, with Coincodex estimating a potential ROI of 1.23%, 2.42%, 2.98% respectively by June 7, 8 and 9. The article further examines the potential profits for short positions in DOGE, highlighting the risks involved and how to capitalize on the trend.