Dogecoin Surges 6.60% Amid Musk-Trump Feud

Elon Musk, the billionaire entrepreneur, publicly apologized for his recent online feud with former U.S. President Donald Trump, which had escalated over the past week. Musk took to X, the platform he owns, to issue a rare mea culpa, admitting that his comments “went too far.”

This reversal comes after a six-day exchange of heated remarks between Musk and Trump. The feud began when Musk criticized Trump’s “Big, Beautiful Bill,” describing it as “a disgusting abomination.” Musk called on citizens to pressure lawmakers to “KILL the BILL.”

Trump responded by calling Musk’s actions “disappointing” and questioning his loyalty. This set off a series of increasingly personal attacks between the two, including references to SpaceX contracts and explosive allegations involving the late Jeffrey Epstein. Musk even shared an old video of Trump and Epstein together, further fueling the controversy.

The back-and-forth escalated across their respective platforms, X and Truth Social, culminating in threats from Trump to revoke Musk’s government contracts and a retaliatory post from Musk suggesting he would decommission SpaceX’s Dragon spacecraft. The feud drew widespread attention, with former Trump strategist Steve Bannon calling for Musk to be deported and late-night television turning the incident into fodder.

However, the Musk-Trump rift has since been overshadowed by mass protests in Los Angeles over Trump’s immigration policies and his deployment of the National Guard. While the political feud dominated headlines, Dogecoin (DOGE) quietly rallied, surging more than 6% on Wednesday, trading at $0.2029.

Dogecoin, often seen as a proxy for Musk’s public sentiment, climbed over 6.60% in the past 24 hours, with its market cap rising to $30.37 billion. Volume also saw a 24% increase, reaching $1.61 billion, signaling renewed retail activity.

Dogecoin is trading at $0.2036 with modest intraday gains, supported by increasing volume and technical indicators pointing to bullish momentum. On the 2-hour chart, the RSI is hovering near 70, signaling approaching overbought conditions, while the MACD shows a bullish crossover above the zero line, indicating upward momentum remains intact. The Bollinger Bands are widening, suggesting rising volatility, and the price is testing the upper band near $0.204.

On the 30-minute chart, DOGE pushed above the midline of its Bollinger Bands, while the RSI climbed above 74—confirming short-term buying pressure. However, overbought signals on both hourly and lower timeframes hint at a possible pullback or consolidation ahead. On the 1-minute chart, DOGE appears to be stabilizing, with RSI near 58 and MACD flattening. Immediate support lies at $0.1983, while resistance is at $0.205. A clean breakout above $0.205 could open the door for a test of $0.22.