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DOGE Price Risks 42% Drop as Elon Musk Rules Out Government Use
Dogecoin’s (DOGE) price is teetering on the edge of a significant downturn, with technical analysis and market sentiment suggesting a potential drop to $0.095. Dogecoin faces a grim outlook after Elon Musk’s recent statement that the US government has “no plans” to use Dogecoin, a remark that has already shaved 5% off its value in the last 24 hours. This downturn has pushed the altcoin’s price from $0.204 on March 30, dropping as much as 7.36% to an intra-day low of $0.160 on March 31. While Musk’s influence has long been a double-edged sword for DOGE, this admission—combined with technical weaknesses ... (full story)
