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Dogecoin's price is facing a significant threat, with a potential 60% crash to $0.06 looming on the horizon. Here are three key reasons contributing to this bearish outlook: A "death cross" pattern has appeared on Dogecoin's chart, signaling a likely steep drop in price. This pattern is considered a negative signal in technical analysis, indicating a potential reversal in the market. The liquidation heatmap shows a massive liquidation zone below Dogecoin's current price. If the price falls to this level, it could trigger long liquidations, leading to additional selling pressure and pushing the price even lower. Elon Musk, once a vocal supporter of Dogecoin, seems to have abandoned his "DOGE Father" role. This lack of support from a high-profile figure could contribute to a decline in investor confidence, further exacerbating the price drop. $DOGE

Today, the US Senate Banking Committee voted 13-11 along party lines to advance President Donald Trump’s nominee, Paul Atkins, for SEC Chair. The nomination now proceeds to the full Senate approval for a confirmation vote. In addition, Jonathan Gould has been picked as the US Comptroller of the Currency. Paul Atkins previously served as an SEC commissioner from 2002 to 2008, where he was known for advocating deregulatory policies. His nomination has been met with both support and criticism. Republican Senator Tim Scott praised Atkins for his experience and his stated intent to depoliticize financial regulation and provide clarity for digital assets. On the other hand, Democratic Senator Elizabeth Warren expressed concerns, citing Atkins’ past regulatory decisions and potential conflicts of interest due to his advisory roles in the financial sector. She also referenced the current administration’s efforts, with billionaire Elon Musk’s support, to “shut down entire government agencies” along with mass layoffs of government workers. Warren also said she would not vote to confirm these administration officials when Trump and Musk are actively destroying government agencies. The panel also approved nominations for Luke Pettit (Treasury assistant secretary) and Marcus Molinaro (federal transit administrator) today. With the committee’s approval, Atkins’ nomination proceeds to the Senate floor, and given the Republican majority, his confirmation is expected. Still, debates may continue regarding his regulatory philosophy and past affiliations. In the past, Atkins has indicated that digital assets would be a top priority under his leadership at the SEC. He has criticized previous regulatory approaches to cryptocurrencies and expressed his support for establishing a rational regulatory framework to foster innovation while ensuring investor protection. Naturally, these words were more than enough to be thoroughly welcomed by many in the crypto industry who anticipate clearer guidelines and increased institutional adoption. If his words prove to be true, Atkins’ potential confirmation as SEC Chair could shift the agency’s focus toward innovation-friendly policies, especially for cryptocurrency, amid ongoing SEC legal battles like the $150 million lawsuit against Elon Musk. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

JUST IN: 🇪🇺 European Union prepares to fine Elon Musk's X $1,000,000,000 for "disinformation."

JUST IN: 🇪🇺 European Union prepares to fine Elon Musk's X $1,000,000,000 for "disinformation."

A whirlwind of speculation hit the crypto and political spheres as reports emerged that Elon Musk had stepped down from his role in the Trump administration. However, these rumors were swiftly debunked—by Musk himself. Taking to his X account , Musk retweeted a post clarifying that he has not resigned and will only depart “once his job is finished.” He further stated that he is “just getting started” and uncovering significant government inefficiencies. Musk's influence on the crypto market is undeniable, and even false reports about his decisions can create volatility. Following the initial wave of misinformation, Dogecoin ( DOGE ) and other Musk-associated cryptocurrencies saw temporary fluctuations. However, as the truth emerged, markets stabilized. This incident highlights how quickly misinformation can spread and influence crypto sentiment. It also reinforces the importance of verifying news, especially when it involves figures like Musk, whose words and actions can shift markets in an instant. Dogecoin has been on a downward trend so far, but that's because the entire crypto market is currently bearish. Since mid-March however, Dogecoin saw stability around the price of $0.15 and $0.17. DOGE/USDT 1-day chart - TradingView via Bitget From a technical perspective, the fast and slow MAs seem to have crossed, indicating a temporary pause in the Dogecoin price down, and a potential upward movement. As Musk continues his role in the administration, his involvement in uncovering government inefficiencies could have far-reaching implications—not just politically, but also for the broader tech and financial sectors, including cryptocurrency . With his commitment to innovation and disruption, the crypto community will be closely watching what he does next. For now, one thing is clear: Musk is here to stay, and his impact on both politics and digital assets is far from over. A whirlwind of speculation hit the crypto and political spheres as reports emerged that Elon Musk had stepped down from his role in the Trump administration. However, these rumors were swiftly debunked—by Musk himself. Taking to his X account , Musk retweeted a post clarifying that he has not resigned and will only depart “once his job is finished.” He further stated that he is “just getting started” and uncovering significant government inefficiencies. Musk's influence on the crypto market is undeniable, and even false reports about his decisions can create volatility. Following the initial wave of misinformation, Dogecoin ( DOGE ) and other Musk-associated cryptocurrencies saw temporary fluctuations. However, as the truth emerged, markets stabilized. This incident highlights how quickly misinformation can spread and influence crypto sentiment. It also reinforces the importance of verifying news, especially when it involves figures like Musk, whose words and actions can shift markets in an instant. Dogecoin has been on a downward trend so far, but that's because the entire crypto market is currently bearish. Since mid-March however, Dogecoin saw stability around the price of $0.15 and $0.17. DOGE/USDT 1-day chart - TradingView via Bitget From a technical perspective, the fast and slow MAs seem to have crossed, indicating a temporary pause in the Dogecoin price down, and a potential upward movement. As Musk continues his role in the administration, his involvement in uncovering government inefficiencies could have far-reaching implications—not just politically, but also for the broader tech and financial sectors, including cryptocurrency . With his commitment to innovation and disruption, the crypto community will be closely watching what he does next. For now, one thing is clear: Musk is here to stay, and his impact on both politics and digital assets is far from over.