The 'Godly Fight' between Musk and Trump has led to Dogecoin being the first to fall.
News Front: Bad news piles up, and the feud among big shots becomes the trigger.
Musk vs. Trump Conflict Escalates: The two DOGE 'spokespeople' have recently clashed publicly over policy differences, with Musk criticizing Trump's financial plan as 'disgusting,' and Trump threatening to cancel his government contracts. The opposition between the two camps is intensifying, depleting market optimism, and DOGE plummeted over 10% within 24 hours.
Regulation and Fund Diversion: The Indian central bank has a cautious attitude towards cryptocurrencies, and emerging meme coins like PEPE and compliant tokens (XRP) are diverting speculative funds, causing DOGE trading volume to shrink by 40%.
ETF Expectation Delayed: Although 21Shares' DOGE ETF application has been accepted by the SEC, final approval will not come until January 2026, which cannot boost confidence in the short term.
Technical Analysis: Breakout decline, weak rebound.
Key Support in Crisis: Current price $0.17682 is close to the recent low of $0.16778, and the daily line has broken below the Bollinger band lower limit, indicating oversold conditions but no reversal momentum.
Clear EMA Resistance: The 20/50/100 day EMA is densely pressing at the $0.20 level, forming a 'ceiling.' Today's rebound failed to break through the $0.185 resistance.
On-chain Signals Bearish: Long-term holders are transferring large amounts of coins to exchanges, and derivative funding rates have turned negative, indicating increased selling pressure.
Still troubled by the price points? Follow the professional team at Big D for precise analysis of price strategies.
