From Cointelegraph

June 6, 2025 7:01 am:

Dogecoin’s price dropped 7% on June 6 amid the feud between Trump and Musk, leading to a potential 66% drop. Musk and Trump’s public spat has escalated, causing a 14% decrease in Dogecoin’s price over seven days. Musk’s departure from the Department of Government Efficiency intensified the conflict, impacting Dogecoin’s value.

Musk’s influence on Dogecoin’s price is evident through endorsements and actions like Tesla accepting DOGE payments. The price of DOGE surged 25% in 2022 when Tesla started accepting it. In 2023, Musk changing his Twitter icon to a Dogecoin logo boosted the price by 30% in 24 hours. The ongoing conflict between Trump and Musk has triggered a broader crypto market sell-off.

A bear flag pattern has been confirmed for DOGE, with the price testing support levels at $0.15. If DOGE breaks below the support levels at $0.14 and $0.13, a further decline to $0.06, representing a 66% drop, is possible. The RSI indicates increasing bearish momentum, suggesting more downside potential before oversold conditions occur again.

Read more at Cointelegraph: Will Elon Musk’s breakup with Trump fuel Dogecoin’s drop below $0.10?