President Trump and Elon engaged in a war of words that saw the price of Dogecoin (DOGE) dip over 12% in one week. Since then, the price of DOGE has made a slight recovery. However, DOGE is still down over 13% in the past month.

Dogecoin [DOGE] rebounded from the $0.1727 support and was trading at $0.1992, at press time, logging a 2.97% daily gain. This rise follows Elon Musk’s unexpected apology to Donald Trump, a political moment that stirred social buzz but has not translated into a full-blown rally.

Musk is out of DOGE, analysts say he might pump Dogecoin again. Plus what do crypto futures and prediction markets tip will happen next?

Dogecoin price skyrocketed after Elon Musk’s surprise apology to Trump amid fresh ETF optimism for the crypto market's leading meme coin.

A lot of that value was created on the back of Elon Musk's support, which has been ongoing since 2019. In fact, Dogecoin's most recent rally was sparked by Musk's involvement in the Trump administration, where he temporarily ran an external government agency with a name that references the meme token.

A recent and significant development introducing substantial risk to Dogecoin's near-term prospects is the political fallout between Elon Musk and President Donald Trump. Musk's public criticism of Trump's fiscal policies has led to escalating tensions, with Trump reportedly threatening retaliation against Musk-affiliated companies.

Dogecoin price movement shows a 3% rise after Musk's Trump apology, but retail traders remain cautious, raising doubts about a sustained breakout.

Now that Elon Musk is finally leaving the Trump administration, it's time to forget about Dogecoin (CRYPTO: DOGE). For the year, Dogecoin is down a whopping 40%. My favorite pick right now is XRP (CRYPTO: XRP),

TL;DR: Dogecoin could still move higher in the short term—but its path to $1 is steep. Kangamoon, meanwhile, is scripting its own success story with real game mechanics and incentive structures. For investors navigating meme coin enthusiasm,