"Once Musk exits, the DOGE faith wall collapses halfway; the technical death cross weighs heavily, making $0.16 the critical line for bulls and bears!"

News front: Policy and sentiment both under pressure

  1. Musk's 'exit from the group' impact: At the beginning of June, Musk withdrew from Trump's government 'DOGE Efficiency Department' plan, causing market sentiment to rapidly cool. Previously, every tweet from him could ignite DOGE; now the catalyst is gone, community search volume has plummeted by 70%, and trading volume has shrunk by 40%.

  2. Political narrative still lingers: Although Musk has stepped back, Trump's rising campaign support and the concept of the 'Department of Government Efficiency' D.O.G.E. continue to drive the DOGE contract holdings to surge to $1.3 billion, suggesting that some funds are betting on policy dividends after the election.

  3. Competing coins diverting funds: Emerging meme coins and utility tokens attract speculative funds, diluting the enthusiasm of the DOGE community.

Technical analysis: Death cross + critical support battle

MACD death cross confirmed: Current DIF crosses below DEA, indicating a clear bearish trend.

Bollinger Bands open downwards: Price is running close to the lower band, with the middle band at $0.1895 acting as strong resistance. If it breaks below $0.165, the next support is at $0.16; if lost, it could plummet 30% to $0.12.

Double bottom formation emerging: The 4-hour chart shows signs of a double bottom forming around $0.170, with neckline resistance at $0.198. If it breaks out on volume, it may trigger a rebound to $0.22.

Key levels to watch:

Support: $0.168 → $0.165

Resistance: $0.180 → $0.1895

"Musk's exit is not the end, Trump's 'DOGE card' is still in play - if $0.16 holds, the Doge King could return to the script!"
Don't operate blindly, pay attention to Big D, a professional team will help you avoid pitfalls and seize opportunities! Make the path to asset appreciation clearer!$DOGE

#doge⚡