Dogecoin Slips as Trump-Musk Clash Heats Up

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Elon Musk’s feud with President Trump caused Dogecoin’s 7% drop in the last 24 hours, but sell-off risks to $0.06 remain.

Dogecoin dropped about 7% on June 6 as the public spat between President Trump and Elon Musk escalated.

DOGE/USD bear flag hints at a potential 66% drop.

Dogecoin’s price flipped bearish on June 5 after a public feud broke out between US President Donald Trump and his most celebrated backer, Elon Musk. DOGE price is down 7% over the last 24 hours to $0.17, with a classic bearish pattern projecting further losses to $0.06.

Musk’s breakup with Trump bad for Dogecoin
Data from Cointelegraph Markets Pro and TradingView shows Dogecoin trading in a third consecutive bearish session on the weekly candle chart.

The price is down 14% in seven days, extending the three-week-long slide to 28%, as billionaire Musk escalated his public spat with Trump. 

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