DOGE Price Prediction: How High Will Dogecoin Go Amid Market Turmoil?

#DOGE

• DOGE trades below key moving averages, signaling bearish momentum
• Elon Musk's feud with Trump creates negative sentiment for Dogecoin
• Price needs to reclaim $0.2072 (20-day MA) to shift trend neutral/bullish

DOGE Price Prediction

DOGE Technical Analysis: Bearish Signals Dominate

According to BTCC financial analyst Ava, DOGE is currently trading at $0.18472, below its 20-day moving average of $0.207228, indicating bearish momentum. The MACD shows a positive but narrowing histogram at 0.009920, suggesting weakening bullish momentum. Bollinger Bands indicate the price is NEAR the lower band ($0.165105), which may act as support, but the overall trend remains bearish unless DOGE reclaims the middle band ($0.207228).

Elon Musk-Trump Feud Weighs on Dogecoin Sentiment

BTCC analyst Ava notes that the ongoing public feud between Elon Musk and former President Trump is creating negative sentiment around Dogecoin. Combined with broader crypto market turmoil, this has contributed to DOGE's recent price drop. While Musk's influence on DOGE is well-documented, the current conflict appears to be overriding any potential positive catalysts from his usual endorsements.

Factors Influencing DOGE's Price

Elon Musk's Net Worth Plummets $70 Billion Amid Feud with Trump and Crypto Market Turmoil

Elon Musk's financial empire has suffered a staggering $70 billion contraction since his public rift with former President Donald Trump. The Tesla CEO's net worth—once pegged at $486 billion in December—now hovers near $335 billion, according to Bloomberg estimates. The decline mirrors a 15% crash in Tesla shares over five days, the sole publicly traded asset anchoring his fortune.

Musk's sprawling private ventures—SpaceX, X (formerly Twitter), Neuralink, and xAI—contribute significantly to his valuation but face downward adjustments for illiquidity risks. The downturn accelerated after Musk criticized Trump's fiscal policies and alluded to Epstein ties, escalating their feud. Notably, DOGE—the meme coin Musk famously promoted—has collapsed 75% since December 2024, compounding the tech magnate's financial woes.

While Forbes maintains a higher $400 billion valuation, the episode marks one of Musk's most severe wealth erosion events. The turmoil coincides with broader crypto market instability, though Bitcoin and Ethereum remain resilient amid regulatory scrutiny.

Elon Musk and President Trump Clash Over "One Big Beautiful Bill" on X

Elon Musk and former President Donald Trump have engaged in a public dispute on X, with Musk openly criticizing Trump's proposed "One Big Beautiful Bill." The tension marks a surprising rift between the two figures, who have maintained a close relationship during Trump's second term. Musk previously served as head of the Department of Government Efficiency (DOGE), where he oversaw $170 billion in government spending cuts.

Their Oval Office farewell meeting underscored mutual respect, with Trump hinting at Musk's ongoing advisory role. The disagreement centers on policy differences, though both emphasized continued collaboration. No direct cryptocurrency market impact was noted, but the high-profile exchange may draw attention to Dogecoin (DOGE) due to Musk's historical association with the meme coin.

Dogecoin Price Drops Amid Elon Musk-Trump Feud, Technicals Show Bearish Signals

Dogecoin's value has plummeted over 10% in the past week, trading at $0.179 with a $1.63 billion volume. The memecoin now ranks 8th by market cap at $26.88 billion, representing 0.8299% of the total crypto market.

Technical indicators paint a concerning picture. Bollinger Bands show heightened volatility, with DOGE recently touching the lower band at $0.17 before a partial recovery. The RSI's dip to 39.75 suggests oversold conditions, though its upward trajectory hints at potential stabilization.

Notably, increased trading volume accompanies the price decline—a classic distribution pattern signaling strong selling pressure. Market sentiment appears fragile as investors rapidly offload positions, creating headwinds for any near-term recovery.

How High Will DOGE Price Go?

Based on current technicals and market sentiment, BTCC's Ava suggests DOGE faces near-term resistance at the 20-day MA ($0.2072). A bullish reversal would require breaking this level and the upper Bollinger Band at $0.2494. However, the Elon Musk-Trump feud adds significant downward pressure. Key levels to watch: