Altcoin Watch

Crypto: The price of $DOGE coin is threatening to drop by 66%

The conflict between Elon Musk and President Trump has caused a 7% drop in Dogecoin over the last 24 hours, but the threat of a pullback to $0.06 remains.

Key points:

• Dogecoin lost about 7% on June 6, amid rising tensions between Donald Trump and Elon Musk.

• The DOGE/USD chart shows a bearish flag that could lead to a 66% decline.

On June 5, Dogecoin (DOGE ▲ $0.18) entered a downtrend after U.S. President Donald Trump publicly distanced himself from Elon Musk, one of his most prominent supporters. The price of DOGE fell by 7% in 24 hours, dropping to $0.17, and a classic chart pattern suggests a further decline toward $0.06.