DOGE’s Future Prospects Amid Elon Musk’s Influence and Market Surge

Will Dogecoin Rise in April 2025 After Elon Musk’s Recent Update?

The OG meme cryptocurrency Dogecoin (DOGE) made headlines recently. Elon Musk’s interest in DOGE has been significant for the market. However, he negated the possibility of the government using DOGE, which barely impacted the price. Despite this, Dogecoin continued to surge, reaching a high of $0.1706, up by nearly 4% in the past 24 hours, instilling hopes for a bright and bullish month of April.

Trump Comments on Elon Musk and DOGE

President Trump has stated that he expects Elon Musk and DOGE to end their involvement in certain activities very soon. Speaking from the White House, Trump mentioned that Elon has a big company to run and will eventually go back to it. Complaints about the chaos caused by DOGE have been growing, while Tesla, the company Elon still leads, is facing one of its worst downturns in years. Elon is currently working in Washington under a temporary federal appointment which expires NEAR the end of May.

Crypto Analyst Calls Dogecoin Chart A ‘Beauty’

Crypto analyst Cantonese Cat (@cantonmeow) has described the weekly Dogecoin/USD chart as a technical beauty due to multiple indicators aligning at once. The chart features a long-term diagonal trendline, converging 100-week and 200-week simple moving averages (SMAs), and a noteworthy Ichimoku Cloud setup. The analyst notes that they haven’t seen such a beautiful confluence in a while.