DOGE’s Future in Question as X Platform Expands into Financial Services Without Mention of Cryptocurrency
Elon Musk's social media platform X is set to venture into financial services, enabling users to conduct transactions and invest in various assets. CEO Linda Yaccarino recently shared this vision, highlighting X's potential to become a dual hub for social networking and financial activities. Notably absent from her remarks was any reference to Dogecoin, despite Musk's well-documented support for the cryptocurrency. This omission has sparked speculation about DOGE's role in X's financial ecosystem. As of June 2025, the crypto community remains divided on whether this signals a shift in Musk's stance or simply a strategic omission for now.
Elon Musk's X Platform to Introduce Financial Services, Dogecoin Speculation Absent
Elon Musk's social media platform X is poised to expand into financial services, offering users the ability to conduct transactions and invest in unspecified assets. CEO Linda Yaccarino outlined the vision in a recent interview, positioning X as a future hub for both social networking and financial activities.
Despite Musk's well-known affinity for Dogecoin, Yaccarino's remarks contained no mention of cryptocurrency integration. The absence has fueled speculation among digital asset enthusiasts, though no confirmation has been provided regarding potential DOGE support.
The platform's roadmap includes exploring payment card options, advancing Musk's ambition to develop X into an all-encompassing "Super App." This strategic pivot mirrors broader tech industry trends of blending social platforms with financial infrastructure.
Dogecoin Poised for Potential 60% Rally as Symmetrical Triangle Pattern Nears Breakout
Dogecoin's price action has compressed into a textbook symmetrical triangle formation, with the meme cryptocurrency oscillating between $0.16 support and $0.22 resistance. Market technicians anticipate a decisive breakout could trigger a 60% price movement, with bullish targets NEAR $0.35 if upside momentum prevails.
The pattern's significance stems from its convergence of descending resistance from November 2023 peaks and ascending support from October 2023 lows. Binance derivatives data reveals overwhelming bullish sentiment, with over 75% of traders maintaining long positions on Doge contracts.
Analyst Ali Martinez emphasizes the critical nature of the $0.16 floor, noting that sustained defense of this level maintains the bullish thesis. Historical pattern repetitions have fueled speculative projections of a $5 price target among some chartists, though such outcomes WOULD require unprecedented capital inflows.
Dogecoin Stabilizes Near $0.170 as Symmetrical Triangle Suggests Impending Breakout
Dogecoin is holding steady around $0.170 after rebounding sharply from session lows near $0.16, demonstrating resilience amid broader market volatility. The meme cryptocurrency's price action has formed a symmetrical triangle—a technical pattern historically associated with significant directional moves.
Trading volumes spiked to 248 million units during a morning recovery, establishing $0.168 as key support. Subsequent attempts to breach resistance at $0.172 were met with selling pressure, keeping DOGE range-bound between $0.170-$0.172. Analysts note the tightening structure suggests a potential 60% price swing, though the direction remains uncertain ahead of the Federal Reserve's policy guidance.
