$BTC
The price of Dogecoin is at risk of a 66% drop to $0.06 as the dispute between Trump and Musk escalates.🔸✨🔸😱🔸✨✨✨✨✨
Elon Musk's dispute with President Trump caused a 7% drop in the price of Dogecoin in the last 24 hours, but the risks of a liquidation at $0.06 persist.
✨✨Key Points:
The price of Dogecoin fell approximately 7% on June 6 as the public dispute between President Trump and Elon Musk intensified.
The bearish flag pattern of DOGE/USD suggests a possible 66% drop.
The price of Dogecoin DOGE €0.1567 turned bearish on June 5 after a public dispute between U.S. President Donald Trump and his most prominent supporter, Elon Musk. The price of DOGE has fallen 7% in the last 24 hours to $0.17, with a classic bearish pattern projecting greater losses down to $0.06.
Musk's break with Trump is negative for Dogecoin.
Data from Cointelegraph Markets Pro and TradingView show that Dogecoin is in its third consecutive bearish session on the weekly candle chart.
The price has fallen 14% in seven days, extending the three-week decline to 28%, as billionaire Musk intensified his public dispute with Trump.
The confrontation, which has been active in recent days following Musk's official departure from the Department of Government Efficiency (DOGE), escalated on June 5 when Trump threatened to cut Musk's government subsidies and contracts, which could save "billions of dollars."
