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Dogecoin (DOGE) Dips 8% as Musk-Trump Feud Clouds Market Confidence

  • Dogecoin (DOGE) has dropped 8% in the past 24 hours, sliding to $0.15, signaling potential trouble for short-term holders.
  • The decline in Dogecoin's price is attributed to weaker market sentiment in the memecoin space, coupled with broader political and cultural tensions.
  • Tesla CEO Elon Musk's public dispute with U.S. President Donald Trump has added to the negative sentiment around Dogecoin, impacting its market dynamics.
  • Technical indicators like RSI and MACD suggest further downside for Dogecoin, with potential support levels at $0.14 and $0.12, as market confidence weakens and capital shifts away from memecoins.

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