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The month of August has traditionally been very bearish for the Dogecoin value, and with the brand new month rolling in already, expectations are that the meme coin will follow this established trend. If this holds, then the downtrend that has already plagued Dogecoin on the finish of July may solely be the start, and the meme coin may find yourself falling into double-digit losses from right here.
August May Flip Pink For Dogecoin
When taking a look at previous performances of the Dogecoin price during the last 11 years, it’s no shock that buyers have a tendency to maneuver cautiously through the month of August. To date, a complete of seven out of 11 years have closed within the purple, leaving solely 4 years of inexperienced closes to this point. This efficiency pushed the median returns to -9.98% with a mean of -0.79%, as proven by data on CryptoRank.
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Whereas this common is low, wanting on the years when August has closed within the purple exhibits a excessive loss charge. For instance, the final three years have seen the Dogecoin value shut out at a mean of -10%. August 2020 was simply coming off the again of the bull market, and ultimately fell 9.98%, signaling the end of the bull run.
The subsequent 12 months, August 2023, noticed even worse headwinds, and the Dogecoin value crashed 17.9% earlier than the month was over. Then in August 2024, one other 16.9% crash rocked the meme coin, main to 3 consecutive years of purple closes to this point.
Submit-Halving Development May Save DOGE Worth
Amid the bearishness of August, there was one deviation that has held through the years, and that’s the altcoin’s efficiency following a halving year. The month of August following every Bitcoin halving 12 months to this point has been extremely bullish, returning greater than 20% good points within the month.
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This was the case for 2017 after the 2016 halving 12 months, when the Dogecoin value rallied 20% within the month of August. Then once more, in 2021, following the 2020 Bitcoin halving 12 months, the Dogecoin value would go on to rally 34.2%, suggesting that this 12 months may go in the identical course, since 2024 was a Bitcoin halving year.
Nonetheless, in each 2017 and 2021, the month of July had closed deep within the purple earlier than the August rally. However in 2025, the month of July has already seen an over 35% rally within the Dogecoin value, marking a big deviation from the development.
Given this, it’s potential that Dogecoin does not follow the post-halving trend. Nonetheless, sentiment within the crypto market continues to be very bullish at this stage and will drive costs increased. If Ethereum does continue to rally and set off an altcoin season, then Dogecoin will undoubtedly lead the beginning of the meme coin rally because the chief within the house.
Featured picture from Dall.E, chart from TradingView.com
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