Despite speculation surrounding Elon Musk’s potential use of Dogecoin (DOGE) for government initiatives under the ‘Department of Government Efficiency’ (D.O.G.E.), the billionaire has clarified his stance on Sunday evening. dismissing these claims in a recent town hall meeting. While Musk’s denial could potentially dampen Dogecoin’s short-term trajectory, analysts are offering cautious optimism, pointing towards potential price rebound based on technical indicators. Following the initial excitement sparked by the D.O.G.E. association and Trump’s campaign promise, DOGE saw a rapid surge in value following the 2020 presidential election. However, it has since experienced significant declines, currently trading around $0.163 from its peak of $0.48 last year. The potential for another price surge remains uncertain despite positive technical signals identified by Ali Martinez, who noticed a buy signal on the TD Sequential indicator and highlighted the importance of DOGE’s price staying above its channel’s lower boundary to reignite further gains. This sentiment aligns with concerns expressed among Dogecoin holders as they anticipate volatile price fluctuations in the coming weeks. #Dogecoin $DOGE 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! Join me in this trade by signing up to @coinexcom using my referral link https://t.co/73n8mWavUX pic.twitter.com/G92NGsNqZL — Ali (@ali_charts) March 30, 2025 The post Is This the Final Chapter for Dogecoin’s Bull Run? Assessing Musk’s Recent Comments appeared first on CryptoPotato.