The ongoing clash between President Donald Trump and SpaceX CEO Elon Musk has heavily impacted the cryptocurrency market. While the feud seems to have cooled somewhat, it remains a key topic of concern. Less confrontation was seen this week compared to the previous, which had a broader effect on the crypto space, reaching even its more speculative corners.

唐纳德·特朗普总统与SpaceX首席执行官埃隆·马斯克（Elon Musk）之间正在进行的冲突对加密货币市场产生了重大影响。虽然仇恨似乎有些冷却，但它仍然是关注的关键主题。与以前的对抗相比，本周的对抗较少，这对加密货币空间产生了更大的影响，甚至达到了更具投机性的角落。

Meme coins, in particular, are feeling the pressure. Among them, Dogecoin (DOGE) dropped nearly 2% in the past 24 hours and more than 5% over the past seven days.

尤其是模因硬币，正在感觉到压力。其中，在过去的24小时中，Dogecoin（Doge）在过去七天中降低了近2％，超过5％。

Elon Musk’s Role in Dogecoin’s Rise and Recent Setback

埃隆·马斯克（Elon Musk

Musk, who is often called the "Dogefather" for his support of the token, has regularly mentioned it in public. His tweets and comments have usually caused DOGE’s price to surge. However, this time, a surprise statement from Elon Musk is having the opposite effect, sending Dogecoin into a sharp decline.

马斯克（Musk）经常被称为“ Dogefather”，以支持令牌，他经常在公开场合提到。他的推文和评论通常导致Doge的价格上涨。但是，这次，埃隆·马斯克（Elon Musk）的惊喜声明正在产生相反的效果，使狗狗币急剧下降。

One moment that sparked excitement was his appointment to lead the Department of Government Efficiency (DOGE), which many saw as a light-hearted nod to the cryptocurrency. That appointment drew attention and temporarily renewed interest in the token.

激发兴奋的一刻是他被任命领导政府效率部（Doge），许多人认为这是对加密货币的轻松点头。该任命引起了人们的注意，并暂时重新引起了令牌的兴趣。

But Musk has now declared the closure of the department, stating that its objective had been achieved. This move, though seemingly symbolic, has deflated the kind of enthusiasm that often supports Dogecoin’s speculative value. Without that additional spark from Musk, momentum around the token appears to have slowed noticeably.

但是马斯克现在宣布该部门关闭，并指出已实现了目标。这一举动虽然看似象征性，但它却降低了通常支持狗狗币的投机价值的热情。没有麝香​​的额外火花，令牌周围的动力似乎明显放缓。

Market Movement Reflects Sentiment Shift

市场运动反映了情感转移

Dogecoin’s price had been going up for the past few weeks. But on Thursday, between 16:00 and 20:00 UTC, things changed quickly. In just a few hours, the price dropped from about $0.19 to around $0.16 — a fall of over 15%.

在过去的几周中，Dogecoin的价格一直在上涨。但是在星期四，在16:00至20:00 UTC之间，情况很快发生了变化。在短短几个小时内，价格从0.19美元下降到$ 0.16左右，下降了15％以上。

The sharp drop triggered heavy selling as investors rushed to get out. That swift decline marked a break below the rising trendline.

当投资者急于下车时，尖锐的下降引发了沉重的销售。迅速的下降标志着突破趋势线的突破。

Over the weekend, the meme coin king attempted a recovery but encountered strong resistance near the 100-day Simple Moving Average (SMA). After approaching this level, the price was firmly rejected. The rejection wasn’t solely due to the 100-day SMA—it also coincides with a horizontal resistance area from earlier price action. Together, they form a strong supply zone where selling pressure has taken over.

上周末，模因硬币王试图恢复，但在100天简单的移动平均线（SMA）附近遇到了强烈的阻力。在接近此水平之后，价格被牢固拒绝。拒绝不仅是由于100天的SMA造成的，还与早期价格动作的水平阻力区域相吻合。它们共同形成了一个强大的供应区，销售压力已接管。

If the downtrend continues, lower price levels may still be ahead. Meanwhile, the Relative Strength Index (RSI) is currently around 39.49, with its signal line near 42.17. This places it in the lower range of the chart, reinforcing the current bearish momentum. Although there’s been a minor bounce in the RSI—suggesting a brief pause in selling pressure—the overall trend remains negative. The RSI remains below both its signal line and the neutral 50 level, indicating that buyers have yet to regain control.

如果下降趋势继续下去，较低的价格水平可能仍在领先。同时，相对强度指数（RSI）目前约为39.49，其信号线接近42.17。这将其放置在图表的较低范围内，从而增强了当前的看跌动量。尽管RSI中有一个小的反弹 - 在销售压力方面短暂停顿，但总体趋势仍然为负。 RSI仍低于其信号线和中性50级，表明买家尚未重新获得控制。

Until the RSI crosses back above 50 and the price breaks through key resistance levels, the broader outlook for Dogecoin remains tilted to the downside.

直到RSI越过50以上，价格突破了关键的阻力水平，狗狗币的更广泛的前景仍然倾向于不利的一面。

Dogecoin at a Crossroads Amid Growing Bearish Signals

在越来越多的看跌信号中的十字路口

The price of DOGE is currently trading around $0.18 at the time of writing. For the bulls to take control again, the price must break above the 100-day SMA, the trendline, and eventually the 50-day SMA. If this doesn’t happen, Dogecoin’s price could continue its downtrend for some time.

Doge的价格目前在撰写本文时交易约为0.18美元。要使公牛再次控制，价格必须超过100天的SMA，趋势线，最终是50天的SMA。如果没有发生，Dogecoin的价格可能会持续一段时间。

Beyond technical indicators, market sentiment also plays a crucial role in DOGE’s price direction. To shift momentum back in their favor, bulls will likely need a meaningful change in either the crypto space or the political environment. The ongoing Trump-Musk clash has only added to the uncertainty, dragging down overall market confidence. A resolution could ease tensions, while a broader lift in the cryptocurrency market might help reverse the current sentiment. Until then, any upward moves may be short-lived.

除了技术指标之外，市场情绪在Doge的价格方向上还起着至关重要的作用。为了转移动力以对他们有利，公牛可能需要在加密货币空间或政治环境中做出有意义的变化。正在进行的特朗普·穆斯克（Trump-Musk）冲突只会增加不确定性，从而削弱了整体市场信心。决议可以缓解紧张局势，而加密货币市场的更广泛的提升可能有助于扭转当前的情绪。在此之前，任何向上的移动都可能是短暂的。