🚀💥 Did Musk abandon Dogecoin? DOGE drops 2%, breaking away from the myth to reach new highs? 😱🔥

Musk clarifies, shaking the market

On April 22, Musk claimed at the PAC town hall that the U.S. government would not use Dogecoin (DOGE), and the abbreviation DOGE being coincidentally similar to the Department of Efficiency is purely a coincidence. His remarks caused DOGE to drop nearly 2% in a day, leading to turbulent investor sentiment.

DOGE's comeback diverges from Tesla

On April 9, DOGE surged 10% in 24 hours, reclaiming $0.15, while Tesla's market value evaporated by over $160 billion due to tariff disputes. The divergence in trends between DOGE and Tesla suggests that DOGE may break free from Musk's influence.

Musk may resign in May

Trump revealed that Musk's term as the head of the Department of Efficiency ends in May, and he will return to companies like Tesla. His reforms have sparked controversy, putting pressure on Tesla's stock price, and raising discussions about DOGE's independence.

A new chapter for DOGE?

Under Musk's clarification and rumors of his exit, will DOGE's downward trend be unstoppable or will it rebound to $0.39? The technical outlook is bullish, and the crypto community is buzzing about the rise of a new king!