Dogecoin Drops Over 10% Amid Musk-Trump Market Tensions

Dogecoin (DOGE) has experienced significant volatility recently, with sharp price swings ranging from lows around $0.16 to brief surges above $0.20 amid renewed interest in meme tokens and speculation about a potential DOGE ETF approval in 2025. The coin's price has been pressured by political tensions involving Elon Musk and President Donald Trump, contributing to increased market uncertainty and investor sell-offs. Despite the setbacks, DOGE remains a top cryptocurrency by market capitalization and shows technical signs of potential short-term recovery, although resistance near $0.20 remains strong. The fallout between Musk and Trump, who previously supported DOGE initiatives during Musk's tenure at the Department of Government Efficiency, has cast doubt on the coin's momentum, even as Trump indicates he intends to continue supporting DOGE independently. Meanwhile, the broader crypto market is seeing new entrants like Mutuum Finance (MUTM) gaining attention with strong presale performance and promising return projections. Overall, DOGE's path forward appears uncertain, influenced heavily by both technical factors and the evolving political dynamics surrounding its high-profile advocates.