DOGE News: Elon Musk Suspects Coordinated Attack on His Companies and Cryptocurrency

Recent developments in the world of cryptocurrency have taken an intriguing turn, with renowned entrepreneur Elon Musk expressing concerns over a potential coordinated attack on his companies and the digital asset DOGE. Here’s a closer look at the situation.

Elon Musk Suspects Coordinated Attack on X, Tesla, and DOGE

Elon Musk has expressed suspicion that his companies, X, Tesla, and the cryptocurrency DOGE, are facing a coordinated attack. He cited a ’massive cyberattack’ against X, which has also experienced technical glitches. Additionally, Musk has been dealing with falling Tesla sales and targeted vandalism. The cyberattack has caused outages and disruptions on the platform, including links not working, login issues, and images not loading for some users.

Dogecoin (DOGE) Under Pressure, Continues Sliding Into Bear Territory

Dogecoin (DOGE) has started a fresh decline below the $0.1850 zone against the US Dollar. The cryptocurrency tested $0.1450 and is now consolidating below the $0.1650 resistance. Doge price has also fallen below the $0.2000 and $0.1850 levels, as well as the $0.1750 level and the 100-hourly simple moving average. A connecting bearish trend line is forming with resistance at $0.1680 on the hourly chart. A recovery could start if DOGE clears the $0.1620 and $0.1680 resistance levels. A low was formed at $0.1440, and the price is now consolidating losses.

Dogecoin (DOGE) Predicted To Rally 300% To $0.60: Here’s When

The cryptocurrency market has faced a substantial correction over the last month. Bitcoin (BTC) has fallen to below $80,000. The global crypto market cap has dipped 4.8% in the previous 24 hours to $2.71 trillion. BTC’s lackluster performance has trickled into Dogecoin (DOGE) and other assets. DOGE’s price has slipped 8.3% in the daily charts, 17.9% in the weekly charts, 24.3% in the 14-day charts, 24.3% over the previous month, and 6.2% since March 2024. The latest market correction came after the US announced additional tariffs against fellow nations, sparking a global trade war.