DOGE Maintains Stability Despite False Elon Musk-Tesla Exit Rumors

Dogecoin (DOGE) demonstrated resilience in the face of unfounded rumors regarding Elon Musk’s potential exit from Tesla. The cryptocurrency held steady within a narrow range, showcasing its ability to weather market uncertainties. This article delves into the details of DOGE’s performance and the broader implications of Musk’s influence on the memecoin.

Dogecoin Holds Steady Amid False Reports of Elon Musk’s Tesla Exit

Dogecoin (DOGE) exhibited remarkable stability despite swirling rumors about Elon Musk’s potential departure from Tesla. The memecoin traded within a tight 16-17 cent range over 24 hours, mirroring broader market stagnation.

Market observers noted muted reaction to a since-debunked Wall Street Journal report suggesting Tesla’s board had initiated a CEO search. Musk’s well-documented influence on Doge prices typically generates more pronounced volatility during such events.

Tesla’s official X account swiftly dismissed the leadership speculation early Thursday. The automaker emphasized Musk’s continued commitment, stating the report had been factually challenged prior to publication.

Dogecoin Signals Bullish Reversal Amid Whale Accumulation and ETF Speculation

Dogecoin is showing early signs of a potential bullish reversal, driven by a combination of whale activity, rising social media engagement, and technical indicators. Blockchain data reveals large investors have acquired nearly 100 million DOGE in the past week, a pattern historically associated with upward price movements.

Social dominance metrics for Dogecoin have surged from under 1% to over 2.5% in recent weeks, reflecting renewed retail interest. The hype is further fueled by speculation around a potential DOGE ETF listing, following Nasdaq’s filing to list a 21Shares product.

Dogecoin Shows Resilience Amid Bullish Momentum, Analyst Eyes $10 Target

Dogecoin (DOGE) has demonstrated notable resilience after a brief bearish dip, rebounding from $0.16 to $0.185, signaling strong buying interest at lower levels. Analyst "Steph is Crypto" highlights a long-term rising trendline—dubbed the ’Legendary trend-line’—that has supported DOGE since early 2020, connecting major price lows and reinforcing bullish sentiment.

The meme coin’s recent bounce aligns with renewed Optimism among holders, with some analysts projecting an ambitious $10 target. Structural price levels across multiple timeframes continue to guide DOGE’s trajectory, suggesting sustained upward potential despite volatility.