Dogecoin (DOGE):

Key Points

Reason for DOGE Drop:

The escalating conflict between Elon Musk and Donald Trump has shaken investor confidence, causing the price to drop by more than 10% to $0.17.

Technical Indicators:

The price has bounced towards 0.17922817886250 but faces strong resistance between $0.179722817886250 and $0.1850.

The moving averages (20-50-100 days) are still above the price, reinforcing the negative scenario.

RSI at 39.7 indicates relative selling pressure, but there is no confirmed bullish signal.

On-Chain Analysis:

An increase in DOGE transfers from long-term wallets to exchanges reflects a selling intention.

Negative funding indicates bearish expectations among traders.

Support and Resistance Areas:

Support: between $0.167022817886250 - $0.1700.

Resistance: at $0.1850, then $0.20.

Breaking the key support could send the price towards $0.157622817886250 or even $0.13.

What to Expect Next?

Possible Positive Scenario:

A public reconciliation or sudden support from Musk or Trump could ignite the market and push DOGE back above $0.20.

Negative Scenario:

Continued conflict or regulatory escalation could pressure the price further, potentially leading to a new drop.

General Recommendation:

Short-term Traders: Buy opportunity up to $0.1850, but with tight stop-loss orders below $0.1700.

Medium-term Investors: It is advisable to wait until a daily close above 0.2022817886250 on CoinMarketCap or buy from $0.157622817886250 to reduce risks.