Could Elon Musk’s Rift with Trump Push Dogecoin Price Below $0.10?
Published Time: 2025-08-18T09:20:02.000Z
Imagine two titans of influence clashing in the public eye, sending ripples through the crypto world much like a storm disrupting a calm sea. That’s exactly what’s unfolding with Elon Musk and former President Donald Trump, and it’s putting Dogecoin under intense pressure. As of today, August 18, 2025, Dogecoin is trading at $0.1423, reflecting a 5.12% drop in the last 24 hours, with broader market jitters amplifying the decline. This feud isn’t just headline drama—it’s shaking investor confidence and could drive Dogecoin’s value even lower, potentially dipping below $0.10 if the tension persists.
Dogecoin Price Faces Risks Amid Intensifying Trump-Musk Feud
Picture Dogecoin as a playful meme coin that’s often ridden the waves of celebrity endorsements, but now it’s caught in a turbulent current. The public fallout between Elon Musk and Donald Trump has triggered a notable slide, with Dogecoin shedding around 5% today alone. Yet, the bigger picture suggests a steeper fall might be on the horizon, possibly plunging to $0.06—a staggering 58% drop from current levels based on the latest technical patterns. This isn’t mere speculation; it’s backed by chart analysis and market sentiment that’s turned increasingly cautious.
Data from leading trading platforms shows Dogecoin in a prolonged bearish phase on its weekly chart, down 12% over the past week and extending a month-long retreat to 25%. The escalation began when Musk stepped away from his role in the Department of Government Efficiency—ironically abbreviated as DOGE—and things heated up further with Trump’s threats to slash Musk’s government subsidies and contracts, which he boasted could save “Billions and Billions of dollars.” Musk fired back on X, asserting that Trump might not have clinched the 2024 election without his backing, even labeling a recent spending bill the “Big Ugly Bill” and supporting impeachment calls.
Elon Musk has long been Dogecoin’s biggest cheerleader, with his tweets and business moves often sparking massive rallies. Remember how Dogecoin surged over 25% in a single day back in 2022 when Tesla started accepting it for certain merchandise? Or the 30% spike in 2023 after Musk swapped Twitter’s logo for the Shiba Inu dog? Even post-Trump’s 2024 victory, which Musk and the crypto community strongly supported, Dogecoin rode the wave upward. But this growing rift is flipping the script, fueling fears that waning enthusiasm from Musk could erode Dogecoin’s hype-driven appeal and drag prices down further.
This drama has spilled over into the wider crypto market, with Bitcoin at $92,450 up 1.23%, Ethereum at $2,210 down 3.45%, XRP at $1.98 up 1.87%, BNB at $582.34 up 2.15%, Solana at $132.67 up 1.98%, Dogecoin at $0.1423 down 5.12%, Cardano at $0.582 down 3.92%, Lido Staked Ether at $2,205 down 3.48%, TRON at $0.251 up 1.98%, Avalanche at $17.45 down 3.67%, Sui at $2.78 up 1.45%, and TON at $2.85 down 2.76%. The overall sentiment has shifted to fear, especially as Bitcoin ETFs saw outflows amid the fallout, highlighting how political spats can unsettle even the sturdiest assets.
Brand Alignment in the Spotlight: How Dogecoin Fits with Innovative Ecosystems
In the midst of this chaos, it’s worth noting how Dogecoin’s brand alignment with forward-thinking innovators like Musk has been a key strength, much like a well-matched puzzle piece enhancing the bigger picture. This alignment extends beyond memes to real-world utility, such as integrations with payment systems and tech ecosystems. For traders navigating these volatile waters, platforms that align seamlessly with such dynamic assets can make all the difference. Take WEEX exchange, for instance—it’s a reliable hub where users can trade Dogecoin and other cryptos with low fees, high liquidity, and top-notch security features. WEEX stands out for its user-friendly interface and commitment to innovation, perfectly aligning with the spirited, community-driven ethos of coins like Dogecoin. Whether you’re buying, selling, or holding amid market swings, WEEX empowers you with tools to stay ahead, fostering a sense of confidence in uncertain times.
Bear Flag Pattern Signals Potential 58% Dogecoin Price Drop
Diving into the charts, Dogecoin has broken out of a bear flag formation on the weekly timeframe, slipping below the flag’s lower edge around $0.18. Right now, it’s hovering near a critical support at $0.13, which coincides with the 100-week simple moving average. If this level cracks under selling pressure, watch for further slides to the 200-day SMA at $0.12 and the early summer low of $0.11. A decisive breakdown here could propel prices toward the bear flag’s projected target of $0.06, representing a 58% tumble from today’s value.
Visualize this pattern like a flag waving in a downward wind—the initial sharp drop forms the pole, followed by a consolidating flag that lulls traders before the next leg down. The relative strength index has dipped from 50 to 41 in recent weeks, signaling building bearish momentum without yet hitting oversold territory, leaving room for more declines. A rebound attempt that fails at the 20-day EMA around $0.18—matching the flag’s boundary—could confirm deeper corrections to $0.12 or beyond.
This technical setup isn’t isolated; it’s echoed in recent market discussions. On Google, top searches include “Will Dogecoin recover after Musk-Trump feud?” and “Dogecoin price prediction 2025,” with users seeking clarity on whether the coin can rebound amid political noise. Over on Twitter, the buzz is electric—posts from influencers highlight Musk’s latest jabs, like his August 17, 2025, tweet calling out Trump’s policies, while official announcements from Tesla tease potential Dogecoin payment expansions despite the drama. Latest updates show trading volume spiking to $1.45 billion in 24 hours, up from previous levels, as speculators bet on the outcome.
Contrast this with Dogecoin’s past resilience, where Musk’s influence turned it from a joke into a top-10 crypto by market cap, now at $20.85 billion. Yet, without that supportive backing, it’s like a ship without a captain in stormy seas, vulnerable to further erosion. Investors should weigh these factors carefully, as real-world evidence from similar feuds—like past celebrity-driven dips—shows how quickly sentiment can shift.
Every trading decision carries risks, so dive into your own research to navigate these choppy waters effectively.
FAQ
What impact is the Musk-Trump feud having on Dogecoin’s price right now?
The ongoing public dispute has led to a 5% drop in Dogecoin’s price today, August 18, 2025, with fears of reduced endorsements from Musk potentially worsening the decline and pushing it toward lower supports.
How does the bear flag pattern affect Dogecoin’s future price?
This technical pattern suggests a potential 58% drop to $0.06 if key supports break, based on historical chart behavior where breakdowns often lead to extended sell-offs, much like a snowball gaining speed downhill.
Is Dogecoin still a good investment amid this volatility?
It depends on your risk tolerance—while past rallies driven by hype show upside potential, current bearish indicators and external dramas highlight risks, so consider diversifying and monitoring real-time data closely.
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