Dogecoin Stalls Near Resistance as Musk-Trump Dispute Weighs on Market

Elon Musk and Donald Trump’s ongoing public feud is casting a shadow over the cryptocurrency market, impacting even the more speculative corners of the space. While the tension has eased somewhat this week, it continues to weigh on the overall market sentiment, particularly affecting meme coins like Dogecoin (DOGE). Over the past seven days, DOGE has experienced significant losses of over 5%, indicating a growing sense of uncertainty within the market. The price action is being shaped by resistance near the 100-day Simple Moving Average (SMA), a level where selling pressure has been particularly strong.