Tesla stock drop, Dogecoin decline: Over the past three days, Elon Musk’s stock has dropped around 15% of its value. This decrease followed a loss of post-election gains; many credit CEO Elon Musk’s political engagement for the drop. Apart from Tesla’s challenges, Dogecoin (DOGE) pricing has also suffered notable losses, lingering at $0.15 among more general changes in the bitcoin market. Still unanswered is whether Dogecoin can bounce back from this slump.
Tesla Stock Falls Amid Musk’s Political Ties
Over 15% of Tesla’s stock has dropped, meaning $125 billion in market value lost. This fall followed a drop in the company’s vehicle sales and profitability, and a more significant market selloff brought on by worries of tariffs and recession. Since Elon Musk participated in supporting Donald Trump’s election campaign, the $1.5 trillion market value peak that Tesla attained in December 2021 has experienced a 45% drop, causing significant stock price losses.
Concerned about Musk’s political activities—including supporting Trump while dismissing significant numbers of U.S. federal employees—the stock value has dropped. These acts have begged questions about Musk’s focus on running Tesla’s core operations. Since the presidential election, Tesla’s market capitalization has increased by almost $65 billion despite the slump, suggesting continuous faith in the company’s future.
Dogecoin Price Analysis March 11, 2025
The most recent DOGE price has been erratic; the crypto market is witnessing similar swings. The DOGE price dropped 8% as of March 11, 2025, and is currently at $0.1584. The price has been wavering between resistance near $0.20 and a necessary support level of $0.15. On the 4-hour chart, the Moving Average Convergence Divergence indicator displays a bearish trend. The MACD line’s dip below the signal line points to a possible momentum decrease.
At 31, the Relative Strength Index shows that DOGE is almost oversold. Should the bearish pressure persist, the price might near-term challenge the $0.10 support level. On the other hand, if Dogecoin price prediction controls to pass the resistance level at $0.16, a surge towards the $0.20 level could occur.
According to the most recent estimate, whales bought more than 1.40 billion Dogecoin throughout the past 24 hours. This rise in major purchases by influential holders most certainly will cause more market volatility. Whale transactions affect market patterns; hence, additional buying pressure could temporarily increase Dogecoin’s value. This behavior could thus indicate a positive attitude for the token. Tesla stock drop, Dogecoin decline 15% loss calls for questions regarding its future; Dogecoin’s price might vary depending on market corrections. Whether DOGE can rebuild or surpass essential support levels remains to be seen.
Summary
Thanks to Elon Musk’s political involvement and a larger market collapse, Tesla shares dropped by 15% during the last three days. Furthermore, Dogecoin is declining, hanging at $0.15 and exhibiting bearish patterns and doubt about a rebound. While Tesla’s destiny is yet unknown, whale trades affect the value of Dogecoin and explain why the market stays erratic.
