DOGE’s Future Uncertain as Elon Musk’s Involvement Faces Scrutiny

In the ever-volatile world of cryptocurrencies, news of key figures stepping away from their roles can send shockwaves through the market. Such is the case with DOGE, as conflicting reports emerge regarding Tesla founder Elon Musk’s involvement with the Department of Government Efficiency (DOGE). As the cryptocurrency community waits with bated breath for clarity, this summary delves into the ongoing debate and its potential implications for DOGE’s future.

Conflicting Reports Emerge Over Elon Musk Stepping Down From DOGE

Uncertainty clouds the exact timing and scope of Musk’s departure from his role with the Department of Government Efficiency (DOGE). The debate highlights tensions between corporate ambitions and public advisory work. According to reports by NBC News and Politico, Tesla founder Elon Musk will reportedly step away from his new role with Doge in the coming months. Sources close to President Donald Trump revealed that the president and Musk have discussed plans for the billionaire entrepreneur to step back from his government role and refocus on running his multiple businesses.

Dogecoin Price Reversal In Sight? Resistance Levels Key

Dogecoin, the largest dog-themed meme coin, has recovered briefly from recent bearish pressure. As upside momentum builds, crypto analysts predict a potential rally for DOGE, indicating that the bearish performance may soon end. However, Dogecoin needs to overcome two crucial resistance levels to sustain its uptrend.

Dogecoin (DOGE) Price Prediction for April 3

As of now, Dogecoin (DOGE) is trading at $0.1669 after a 1.74% decrease in the last 24 hours. This recent decline may be attributed to profit-taking and overall market uncertainty. The coin’s 13.17% decrease over the last 30 days suggests significant medium-term pressure. Despite these trends, Dogecoin’s high liquidity and large trading volume continue to attract traders, making it popular for both short-term traders and long-term holders. Analysis shows Dogecoin has been confined within a descending channel, with resistance between $0.170 and $0.175.