$DOGE Faces 66% Decline to $0.06 as Trump–Musk Feud Escalates
Key Takeaways
* Dogecoin is under pressure due to an escalating public feud between Elon Musk and Donald Trump, triggering bearish sentiment.
* DOGE has dropped ~10% in a single day and is down ~22% over the past week as the market reels.
* Analysts warn the downside risk could be as steep as a 66% plunge toward $0.06 if tensions persist.
A heated online exchange between Elon Musk and Donald Trump sent shockwaves through the crypto market. As a result, $DOGE has experienced sharp losses.
Once dubbed "the people’s crypto," DOGE now faces a severe downturn amid rising uncertainty tied to the feud.
Market Reaction to the Feud
Dogecoin plunged roughly 10% on Thursday following the public spat, contributing to an overall 22% weekly decline. The broader crypto market also weighed in—the CoinDesk 20 index dropped nearly 5%, with altcoins like SOL and SUI seeing steep losses.
Downgrade Warning: Can DOGE Fall to $0.06?
If the feud continues unchecked, Dogecoin could lose up to 66%, down to $0.06. Market analysts highlight DOGE’s ongoing sensitivity to Musk’s news and suggest conditions might worsen if tensions persist.
