DOGE: No Government Adoption Plans Despite Musk’s Influence

U.S. Has No Plans to Utilize Dogecoin Despite D.O.G.E., Elon Musk Says

The United States has made no indication it would adopt Dogecoin, according to Elon Musk. Addressing concerns about the cryptocurrency during a town hall meeting in Green Bay, Wisconsin, Musk stated, ’There are no plans for the government to use Dogecoin or anything as far as I know.’ This revelation comes amidst an initiative to revamp outdated IT systems and cut bureaucratic bloat, which has raised oversight concerns and blurred lines between private innovation and public accountability. Separating the digital asset hype from structural reform challenges both crypto market speculation and traditional federal processes.

Dogecoin Holds Crucial Support: Breakout Brewing?

Dogecoin [DOGE] remains above its long-term ascending channel support, signaling technical strength. Whale wallets are continuing to accumulate, hinting at confidence in a future rally. The memecoin may be on the verge of a potential breakout, with technical support aligning with historical price structure since 2015.

Pundit Predicts 30-40% Chance of Dogecoin Crash to $0.165

A recent Dogecoin analysis has highlighted a potential scenario where DOGE could dip below the $0.165 mark due to extremely oversold RSI levels. The Relative Strength Index (RSI) on the 4-hour chart dipped below 10, indicating that the asset might extend its decline. Although a bounce appears more probable, there is a significant chance of a short-term drop into deeper support territory.