{"id":19818,"date":"2025-03-31T08:02:09","date_gmt":"2025-03-31T08:02:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19818"},"modified":"2025-03-31T08:02:09","modified_gmt":"2025-03-31T08:02:09","slug":"is-this-the-final-chapter-for-dogecoins-bull-run-assessing-musks-recent-comments","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19818","title":{"rendered":"Is This the Final Chapter for Dogecoin\u2019s Bull Run? Assessing Musk\u2019s Recent Comments"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Despite the rumors and speculations that the Musk-led D.O.G.E. might use the meme coin, the billionaire refuted the claims on Sunday evening.<\/li>\n<li>While such a statement by Doge\u2019s most famous proponent could hurt the asset, certain technical aspects indicate that there could be some gains around the corner.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/04\/doge_red_cb.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-320976\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/04\/doge_red_cb.png\" alt=\"doge_red_cb\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/04\/doge_red_cb.png 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/04\/doge_red_cb-300x180.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/04\/doge_red_cb-1024x614.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/04\/doge_red_cb-768x460.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/04\/doge_red_cb-50x30.png 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/p>\n<h2>No DOGE to Be Used<\/h2>\n<p>During Trump\u2019s presidential campaign last year, one of the groundbreaking promises made by him and people close to him, in this case Elon Musk, was the<a href=\"https:\/\/cryptopotato.com\/trumps-d-o-g-e-promises-to-slash-bureaucracy-heres-what-you-need-to-know\/\" data-wpel-link=\"internal\"> creation of a government department<\/a> that would \u2018identify and eliminate wasteful government spending, aiming to reduce federal expenditures by $1 trillion.\u2019<\/p>\n<p>Its name, Department of Government Efficiency (D.O.G.E.), and Musk\u2019s leadership role led to immense excitement in the meme coin community. Moreover, people started speculating that Dogecoin would eventually be used in some form and that it would benefit from the name resemblance.<\/p>\n<p>The rumors were fueled by the <a href=\"https:\/\/cryptopotato.com\/dogecoin-price-explodes-as-department-of-government-efficiency-website-adds-meme-coin-logo\/\" data-wpel-link=\"internal\">addition<\/a> of the meme coin\u2019s logo to the D.O.G.E. website just a day after Trump\u2019s inauguration. All of this hype resulted in a massive rally for Dogecoin, as its price skyrocketed from $0.14 ahead of the elections to a multi-year peak of $0.48 a month later.<\/p>\n<p>However, DOGE has failed to maintain its run and has dropped by over 60% since the January peak of $0.42, as it now struggles at $0.163.<\/p>\n<p>What could be even worse for DOGE\u2019s upcoming price movements is the fact that Musk refuted the aforementioned rumors on Sunday. Speaking in a Town Hall meeting in Wisconsin, the Tesla CEO <a href=\"https:\/\/x.com\/i\/broadcasts\/1djxXVDmXLNGZ\" data-wpel-link=\"external\" target=\"_blank\">said<\/a> the government has no plans to use DOGE in any form.<\/p>\n<blockquote>\n<p>\u201cThey happen to be similar names, but really, we\u2019re literally just trying to make the government 15% more efficient.\u201d<\/p>\n<\/blockquote>\n<h2>The End or Not?<\/h2>\n<p>Musk\u2019s statement could be regarded as a big blow to Dogecoin\u2019s bull run aspirations, especially since the asset is far from this cycle\u2019s peak. However, there are certain positive signs on the technical side of things, as laid out by Ali Martinez.<\/p>\n<p>The analyst noted that the TD Sequential has <a href=\"https:\/\/x.com\/ali_charts\/status\/1906301126313431171\" data-wpel-link=\"external\" target=\"_blank\">posted<\/a> a buy signal on the weekly chart and added that as long as DOGE\u2019s price remains above the lower boundary of the channel posted below, it could reignite another surge.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Dogecoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$DOGE<\/a> continues to hold above the lower boundary of this channel. A spike in demand here could fuel a rally toward the mid or upper range!<\/p>\n<p>Join me in this trade by signing up to <a href=\"https:\/\/twitter.com\/coinexcom?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@coinexcom<\/a> using my referral link <a href=\"https:\/\/t.co\/73n8mWavUX\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/73n8mWavUX<\/a> <a href=\"https:\/\/t.co\/G92NGsNqZL\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/G92NGsNqZL<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1906391471202390493?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">March 30, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The analyst with over 130,000 X followers also <a href=\"https:\/\/x.com\/ali_charts\/status\/1906231919366263029\" data-wpel-link=\"external\" target=\"_blank\">informed<\/a> that DOGE is primed to experience substantial volatility in the following weeks as \u2018anxiety is building among Dogecoin holders.\u2019<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/is-this-the-final-chapter-for-dogecoins-bull-run-assessing-musks-recent-comments\/\" rel=\"nofollow\">Is This the Final Chapter for Dogecoin\u2019s Bull Run? Assessing Musk\u2019s Recent Comments<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Despite the rumors and speculations that the Musk-led D.O.G.E. might use the meme coin, the billionaire refuted the claims on Sunday evening. While such a statement by Doge\u2019s most famous proponent could hurt the asset, certain technical aspects indicate that there could be some gains around the corner. No DOGE to Be Used During [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19818","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19818"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19818\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}