Recently, Tesla stock, managed by Elon Musk, dropped by about 15%, leading to a $125 billion market value decline. The main reasons include lower car sales, decreased profit margins, and shareholder concerns over Musk’s political activities. Concurrently, DOGE coin price also decreased by around 8% in the past 24 hours due to cryptocurrency market adjustments. DOGE coin is currently supported at $0.15 and faces a key resistance at $0.20. Technical indicators suggest a downward trend and nearing oversold conditions. If selling pressure continues, the price may drop to $0.10, but breaking resistance at $0.16 could initiate an upward trend to $0.20. Reports indicate that over 1.4 billion DOGE coins were bought by whales in the last 24 hours, potentially increasing price volatility and signaling bullish market sentiments.
