Dogecoin experienced a 7% decline on June 6 due to the escalating public dispute between President Trump and Elon Musk. The DOGE/USD bear flag pattern suggests a potential 66% decrease. Following the feud between Trump and Musk, Dogecoin's price turned bearish on June 5, dropping by 7% to $0.17. Trading data indicates a third consecutive bearish session, with a 14% decrease over seven days. Musk's departure from the Department of Government Efficiency intensified the conflict, with Trump threatening to cut Musk's government subsidies. Musk retaliated by claiming Trump would have lost the 2024 election without his support. The ongoing conflict has raised concerns among investors, leading to a market sell-off. Dogecoin's price is currently testing support levels at $0.15, with potential further declines to $0.06. The article emphasizes the importance of conducting thorough research before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

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