Dogecoin Rebounds 4.3% After $2B Sell-Off, But Trump Tariffs Stir Doubt
Dogecoin isn’t just following technical patterns anymore it’s now entangled in political controversy. Billy Markus, the co-creator of the popular meme coin, has stirred the pot by openly criticizing Trump’s aggressive trade policies in a tweet that quickly gained traction.
The timing couldn’t be more sensitive, with global markets already on edge and trade uncertainty adding extra volatility.
Political Drama Hits Crypto Markets
Trump’s revived “America First” trade agenda is putting tariffs on steel, aluminum, and electronics back in the spotlight. While supporters argue these measures protect American industries, critics—including tech billionaire Elon Musk—are sounding alarm bells about potential economic damage. Musk responded directly to Markus’s post, expressing concerns that these policies could push the economy into recession by mid-2025.
But Markus didn’t stop at economic criticism. He ventured into more controversial territory by alluding to Trump’s alleged connections to unreleased Epstein documents. Whether this was speculative commentary or genuine concern, it’s clear that when influential figures like Musk and Markus speak, both crypto and traditional markets take notice.
In the midst of this political crossfire:
Elon Musk warned that tariffs could trigger a 2025 recessionMarkus criticized trade policy while hinting at political scandalsDOGE dropped 7.10% amid broader risk-off sentimentMeanwhile, TRUMP Coin faces legal challenges, highlighting the risks of politically-themed tokens
DOGE Technical Analysis: Fighting for Recovery
Despite the political noise, Dogecoin is attempting to recover after its recent sharp decline. Currently trading near $0.1762, it’s bounced from a low of $0.1682—a rebound that aligns with the 0% Fibonacci extension level and shows early signs of strength.
However, the path forward remains challenging. DOGE is still trapped beneath a descending trendline and the 50-period EMA ($0.1877), both of which continue to cap bullish attempts. On the positive side, price action is showing some resilience by trading just above the 0.236 Fibonacci level at $0.1739, and a MACD crossover appears to be developing, suggesting weakening downside pressure.
For any meaningful recovery, bulls need to push above the critical $0.1803 level (the 0.382 Fibonacci retracement) to generate broader upside momentum.
#DOGE
#TrumpTariffs
The timing couldn’t be more sensitive, with global markets already on edge and trade uncertainty adding extra volatility.
Political Drama Hits Crypto Markets
Trump’s revived “America First” trade agenda is putting tariffs on steel, aluminum, and electronics back in the spotlight. While supporters argue these measures protect American industries, critics—including tech billionaire Elon Musk—are sounding alarm bells about potential economic damage. Musk responded directly to Markus’s post, expressing concerns that these policies could push the economy into recession by mid-2025.
But Markus didn’t stop at economic criticism. He ventured into more controversial territory by alluding to Trump’s alleged connections to unreleased Epstein documents. Whether this was speculative commentary or genuine concern, it’s clear that when influential figures like Musk and Markus speak, both crypto and traditional markets take notice.
In the midst of this political crossfire:
Elon Musk warned that tariffs could trigger a 2025 recessionMarkus criticized trade policy while hinting at political scandalsDOGE dropped 7.10% amid broader risk-off sentimentMeanwhile, TRUMP Coin faces legal challenges, highlighting the risks of politically-themed tokens
DOGE Technical Analysis: Fighting for Recovery
Despite the political noise, Dogecoin is attempting to recover after its recent sharp decline. Currently trading near $0.1762, it’s bounced from a low of $0.1682—a rebound that aligns with the 0% Fibonacci extension level and shows early signs of strength.
However, the path forward remains challenging. DOGE is still trapped beneath a descending trendline and the 50-period EMA ($0.1877), both of which continue to cap bullish attempts. On the positive side, price action is showing some resilience by trading just above the 0.236 Fibonacci level at $0.1739, and a MACD crossover appears to be developing, suggesting weakening downside pressure.
For any meaningful recovery, bulls need to push above the critical $0.1803 level (the 0.382 Fibonacci retracement) to generate broader upside momentum.
#DOGE
#TrumpTariffs
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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