Main takeout:
Doco Coin fell by about 7% on June 6 as the public spat between President Trump and Elon Musk increased.
The Doge/USD Bear flag hints 66%.
On June 5, after the public disagreement between US President Donald Trump and his most famous supporter Elon Musk, the Tool Coin Price flipped Bear Lish on June 5. Doge Price has fallen by 7% over the last 24 hours, $ 0.17, and the classic weak pattern expects additional losses to $ 0.06.
To Dogecoin
Data of Cointelegraph Markets Pro and TradingView shows Dogecoin transactions in the three consecutive bareish sessions on the weekly candle chart.
As billionaire Musk expanded the public with Trump, the price fell 14% in seven days, extending the slide for three weeks to 28%.
After officially departing from MUSK’s official government efficiency (DOGE), Nakjin, which was recently sparrowed, was able to save billions and billions of dollars on June 5, threatening the government’s subsidies and contracts.
Musk responded to X. Trump insisted that he would have lost his presidential election in 2024 without its support. He called Trump’s recent expenditure bill as “a big ugly bill,” and supported his impeachment.
The big ugly bill will increase the deficit to $ 2.5 trillion! https://t.co/jems6cot3v
-Elon Musk (@elonmusk) June 5, 2025
Vocal Dogecoin supporters, MUSK, have historically affected prices through approval such as partial acceptance of tweets or DOGE for Tesla’s payment. Dogecoin has increased by more than 25% a day in 2022 after accepting the DOGE as a payment for the product selected by Tesla.
relevant: As emotions turn into fear, Bitcoin ETF bleeds in Trump-Musk’s fall.
In 2023, Doge Price surged more than 30% within 24 hours after MUSK replaced the Bluebird logo on the Twitter website with the image of the SHIBA INU, a canine logo of Memecoin.
Dogecoin surged with other cryptocurrencies, following the campaign, which was greatly supported by the MUSK and Crypto industries after Trump’s election in November 2024.
Increasing conflicts led to a wider market selling. Investors are now afraid of lowering prices by weakening encryption feelings and doge speculative appeals, as the sponsorship in Musk is reduced.
DOGE ‘S Bear Flag is subject to less than $ 0.1
The DOGE fell to $ 0.20 below the lower boundary of the flag and checked the Bear flag pattern on the weekly chart.
The price of Dogecoin is currently testing a $ 0.15 support level that matches the 100 -week simple moving average (SMA).
The main support for the disadvantages is $ 0.14 for 200 days SMA and $ 0.13 on April 7. Mass movement below these support levels can reduce the sale to the technical goals of the general chart pattern at $ 0.06 or 66% at the current level.
The relative robbery index (RSI) is less than the middle line and has fallen from 52 to 43 in the last three weeks, which is increasing. The 43 value of the RSI suggests that there is more space for the shortcomings before the holding conditions are reset again.
As reported by COINTELEGRAPH, the rapid stagnation of the 20 -day EMA ($ 0.20), which matches the low trend line of the flag, as shown in the chart above, can increase the risk of deeper modification to less than $ 0.14.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.