On June 6, Dogecoin's price decreased by about 7% as tensions escalated between President Trump and Elon Musk. Following a public feud on June 5, DOGE's price fell to $0.17, revealing a bearish pattern that suggests a potential drop to $0.06, representing a 66% decline from current levels. The ongoing conflict, where Trump threatened Musk's government contracts, has contributed to a bearish trend, with Dogecoin down 14% over the past week and 28% over three weeks. Musk's influence on DOGE has historically affected its price through endorsements. Current price support is noted at $0.15, with critical levels below at $0.14 and $0.13. A breach of these levels could lead to further selling pressure, particularly as the RSI indicates increasing bearish momentum. Overall, the bearish flag pattern reinforces the risk of a deeper correction in Dogecoin's price amid diminishing support from Musk.

Source đź”—