Blog

Will the disintegration of Elon Musk lead to a decrease in Trump Decoen to less than $ 0.10?

Photo of cryptobizinvest.com cryptobizinvest.com Send an email 3 weeks ago
0 0 2 minutes read


Main meals:

  • Dogecoin fell about 7 % on June 6, as the public paste between President Trump and Elon Musk escalated.

  • Doug/US dollar hints hints at a possible decrease of 66 %.

Dukwin (DodgePrice turned on June 5 after a public dispute erupted between US President Donald Trump and his most famous supporter, Elon Musk. DOGE PRICE has decreased by 7 % over the past 24 hours to $ 0.17, with a classic drop that expects more losses to $ 0.06.

Disenibility of musk with a bad Trump for Dogecoin

Data from Cointelegraph Markets Pro and Tradingvief Dogecoin is trading in a third consecutive declining session on the weekly candle scheme.

The price decreased by 14 % in seven days, and the slide extends for three weeks to 28 %, such as musk billionaire Glust the public spit With Trump.

The repercussions that were flowing in the last days after that The official departure of Musk from Ministry of Governmental efficiency (Doug) escalated on June 5 with Trump to threaten To end the support and government contracts at Musk, and perhaps provide “billions and billions of dollars”.

Musk responded to X, Claim Trump had lost 2024 Presidential elections Without support. Trump’s last spending law was described as “the Grand Understanding Bill” and Backed He calls for isolation.

Musk, a supporter of the audio dogecoin, has historically affected its price through approvals, such as tweets or T.The partial ESLA acceptance for payments for payments. Dogecoin jumped more than 25 % In one day in 2022, after Tesla began accepting Dog as a payment of the specified goods.

Related to: Bitcoin’s investment fund

In 2023, the price of Dog increased by more than 30 % within 24 hours yet Replace musk Bluebird logo on Twitter (Now X) with a picture of Shiba Inu, Canine’s Memeco.

Dogecoin rose again alongside other encrypted currencies yet Trump’s electoral victory In November 2024, after a campaign by Musk and Crypto Industry with strong support.

The escalating conflict led to a Sell ​​the broader market. Investors are now afraid that the low support from Musk can inhibit the encryption morale and the Doug’s speculative call, which leads to a decrease in its price.

Doug bear goals are less than $ 0.1

Dog A confirmed Science style bear On the weekly graph after declining under the bottom border of science at $ 0.20.

The DOGECOIN price currently tests the support level at $ 0.15, and is in line with the simple moving average for 100 weeks (SMA).

The main support levels that must be monitored on the negative side are SMA for 200 days at $ 0.14 and April 7 low at $ 0.13. High volume movement can lead to less than these support levels accelerate the sale of the technical goal of the prevailing graph style at $ 0.06, or a 66 % decrease from the current level.

Doge/USD Weekly Chart. Source: Cointelegraph/Tradingvief

the Relative power index (RSI) lower than the midfield and has decreased from 52 to 43 over the past three weeks, indicating an increase in the declining momentum. The 43 RSI value indicates that there is a greater room for the negative aspect before excessive conditions are placed again.

As Cointelegraph I mentionedThe acute shrinkage of EMA can increase for 20 days ($ 0.20), which is in line with the lower direction line of science as shown in the above chart, from the risk of deeper correction to $ 0.14 or less.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.