DOGE News: Elon Musk’s Influence Casts Shadow Over Dogecoin’s Future

Dogecoin Faces Uncertain Future Due to Elon Musk’s Influence

Dogecoin (DOGE) is facing an uncertain future as Elon Musk’s prominent role has transformed from a blessing to a potential menace. The cryptocurrency’s value stands at $0.17 on March 29, 2025. Recently, a Ghibli-style Rafiki art featuring Doge on Elon Musk’s X page earned 4 million views, but Tesla’s stock suffered a significant drop following attacks on Elon for his right-wing ideas and DOGE activities. Investors are uncertain about the impact of Musk’s next statement on Dogecoin’s price.

Dogecoin Price Flashes Bullish Signals—Is $1 Still Possible?

Dogecoin price has gained attention after displaying bullish signals on technical charts and social media. Traders are optimistic, citing potential recovery indicated by RSI and historical trendlines. DOGE is currently testing a descending red trendline that has previously served as both resistance and support. Analysts have noted two levels of support: the red descending line and a static yellow horizontal level at $0.0900. On March 28, a trader flagged the Doge weekly relative strength index (RSI) as a potential bottoming signal, hinting at a possible rebound towards $1.

Dogecoin Price Prediction Drops, Rollblock Gains Traction

The Dogecoin price prediction has dropped sharply as enthusiasm for memes like Dogecoin plummets. While this has caused short-term concern, Dogecoin’s strength lies in its community and ability to rally during euphoric market phases. Meanwhile, Rollblock is gaining traction through its play-to-earn gaming model, offering tangible value and adoption. Rollblock is reshaping the iGaming landscape by merging blockchain technology with an innovative play-to-earn model that empowers users and rewards its fast-growing community.