Musk is out of DOGE, analysts say he might pump Dogecoin again. Plus what do crypto futures and prediction markets tip will happen next?

A recent and significant development introducing substantial risk to Dogecoin's near-term prospects is the political fallout between Elon Musk and President Donald Trump. Musk's public criticism of Trump's fiscal policies has led to escalating tensions, with Trump reportedly threatening retaliation against Musk-affiliated companies.

A lot of that value was created on the back of Elon Musk's support, which has been ongoing since 2019. In fact, Dogecoin's most recent rally was sparked by Musk's involvement in the Trump administration, where he temporarily ran an external government agency with a name that references the meme token.

Now that Elon Musk is finally leaving the Trump administration, it's time to forget about Dogecoin (CRYPTO: DOGE). For the year, Dogecoin is down a whopping 40%. My favorite pick right now is XRP (CRYPTO: XRP),

Dogecoin tumbled Thursday as Elon Musk’s feud with President Donald Trump spilled into public view and their alliance quickly crumbled.

The price of Dogecoin ( DOGE -0.79%) is sinking on Friday. The meme coin saw its value decline 5.3% in the last 24 hours as of 11:58 p.m. ET, but was down as much as 15.3% in that time frame. The slump comes as the S&P 500 gained 0.9% and the Nasdaq Composite gained 1.1%.

Dogecoin DOGE $0.18546 experienced a dramatic 12.5% decline over the past 24 hours, plunging from 19 cents to 16 cents as tensions between President Donald Trump and technology entrepreneur Elon Musk weighed down on crypto markets. Dogecoin’s latest plunge comes against a backdrop of risk-off sentiment.

Dogecoin tanked 10% today, with its weeklong losses now sitting at 22%, after Elon Musk officially walked away from Donald Trump’s administration and cut ties

The public exchanges between Elon Musk, associated with pioneering Dogecoin, and President Trump continue. On June 5, some reports suggested the 10% drop in Dogecoin price experienced that day could have been a result of these exchanges.

Dogecoin nears key support at $0.16 after a sharp drop. Will bulls protect this level or is more downside ahead.

Key Takeaways Dogecoin is showing strong technical signals that could lead to a major breakout.Elon Musk’s influence and community support continue to drive Dog