The post Dogecoin Price Pattern Signals 125% Despite Elon Musk and Trump Feud appeared on BitcoinEthereumNews.com.

Dogecoin price has been flat since June, coinciding with the lack of interest among investors. It has plunged by 38% from its May highs. Despite this, technical analysis suggests that the DOGE token may rally soon as Donald Trump’s and Elon Musk’s accusations escalates. Dogecoin Price Technical Analysis Signals a Rebound DOGE price trades at $0.1595, giving it a market capitalization of $24 billion. Today’s retreat was accompanied by a high volume of $815 million, a 13% daily increase.  The daily chart points to an eventual Dogecoin price rebound after it formed a highly bullish chart pattern. It has formed a double-bottom pattern at $0.1445. This pattern is characterized by two distinct support levels and a neckline, which in this case, is at $0.2596. The profit target in a double-bottom pattern is calculated by first finding its height, which, in this case, is about 44%. After this, one measures the same distance from the neckline. In this case, measuring the same distance from the neckline gives the price target of $0.3753, which is up by 132% from the current level.  The bullish DOGE price forecast will become invalid if the token drops below the double-bottom level at $0.1445. Moving below that level will be a sign that bears have prevailed, which will push it down, potentially to the psychological point at $0.10. Dogecoin Price Chart DOGE to Ignore Elon Musk and Donald Trump Feud The positive Dogecoin price outlook ignores the ongoing accusations between Donald Trump and Elon Musk. This feud, which was on ice for a while, reignited this week after Musk criticized the Big Beautiful Bill.  Musk is concerned about the end of electric vehicle incentives, which provided up to $7,500 credit to buyers. Its end will hurt Musk personally since he is the CEO of Tesla, the…

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Filed under: News - @ July 1, 2025 11:26 pm