<ul data-eligibleForWebStory="true">Dogecoin has faced significant selling pressure in June, with a nearly 30% loss in value over the last month, discouraging many holders.Despite the recent downward trend, technical indicators and macroeconomic reports suggest a potential shift in sentiment heading into July.Bitwise filed updated S-1 registration statements for Dogecoin ETFs with the SEC, signaling progress in the approval process.On-chain sentiment hints at cautious optimism among traders, with a positive funding rate and indicators suggesting a potential price recovery.