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  • The Untold Saga of What Happened When DOGE Stormed Social Security

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    ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox.

    On Feb. 10, on the third floor of the Social Security Administration’s Baltimore-area headquarters, Leland Dudek unfurled a 4-foot-wide roll of paper that extended to 20 feet in length. It was a visual guide that the agency had kept for years to explain Social Security’s many technological systems and processes. The paper was covered in flow charts, arrows and text so minuscule you almost needed a magnifying glass to read it. Dudek called it Social Security’s “Dead Sea Scroll.”

    Dudek and a fellow Social Security Administration bureaucrat taped the scroll across a wall of a windowless executive office. This was where a team from the new Department of Government Efficiency was going to set up shop.

    DOGE was already terrifying the federal bureaucracy with the prospect of mass job loss and intrusions into previously sacrosanct databases. Still, Dudek and a handful of his tech-oriented colleagues were hopeful: If any agency needed a dose of efficiency, it was theirs. “There was kind of an excitement, actually,” a longtime top agency official said. “I’d spent 29 years trying to use technology and data in ways that the agency would never get around to.”

    The Social Security Administration is 90 years old. Even today, thousands of its physical records are stored in former limestone mines in Missouri and Pennsylvania. Its core software dates back to the early 1980s, and only a few programmers remain who understand the intricacies of its more than 60 million lines of code. The agency has been talking about switching from paper Social Security cards to electronic ones for two decades, without making it happen.

    DOGE, billed as a squad of crack technologists, seemed perfectly designed to overcome such obstacles. And its young members were initially inquisitive about how Social Security worked and what most needed fixing. Several times over those first few days, Akash Bobba, a 21-year-old coder who’d been the first of them to arrive, held his face close to Dudek’s scroll, tracing connections between the agency’s venerable IT systems with his index finger. Bobba asked: “Who would know about this part of the architecture?”

    Before long, though, he and the other DOGErs buried their heads in their laptops and plugged in their headphones. Their senior leaders had already written out goals on a whiteboard. At the top: Find fraud. Quickly.

    Dudek’s scroll was forgotten. The heavy paper started to unpeel from the wall, and it eventually sagged to the floor.

    It only got worse from there, said Dudek, who would — improbably — be named acting commissioner of the Social Security Administration, a position he held through May. In 15 hours of interviews with ProPublica, Dudek described the chaos of working with DOGE and how he tried first to collaborate, and then to protect the agency, resulting in turns that were at various times alarming, confounding and tragicomic.

    DOGE, he said, began acting like “a bunch of people who didn’t know what they were doing, with ideas of how government should run — thinking it should work like a McDonald’s or a bank — screaming all the time.”

    The shock troops of DOGE, at the Social Security Administration and myriad other federal agencies, were the advance guard in perhaps the most dramatic transformation of the U.S. government since the New Deal. And despite the highly public departure of DOGE’s leader, Elon Musk, that campaign continues today. Key DOGE team members have transitioned to permanent jobs at the SSA, including as the agency’s top technology officials. The 19-year-old whose self-anointed moniker — “Big Balls” — has made him one of the most memorable DOGErs joined the agency this summer.

    The DOGE philosophy has been embraced by the SSA’s commissioner, Frank Bisignano, who was confirmed by the Senate in May. “Your bias has to be — because mine is — that DOGE is helping make things better,” Bisignano told senior officials weeks after replacing Dudek, according to a recording obtained by ProPublica. “It may not feel that way, but don’t believe everything you read.”

    In a statement, a Social Security Administration spokesperson said that Bisignano has made “notable” initial progress and that “the initiatives underway will continue to strengthen service delivery and enhance the integrity and efficiency of our systems.” The statement asserted that “under President Trump’s leadership and his commitment to protect and preserve Social Security, Commissioner Bisignano is strengthening Social Security and the programs it provides for Americans now and in the future.”

    For all the controversy DOGE has generated, its time at the Social Security Administration has not amounted to looming armageddon, as some Democrats warn. What it’s been, as much as anything, is a missed opportunity, according to interviews with more than 35 current or recently departed Social Security officials and staff, who spoke on the condition of anonymity mostly out of fear of retaliation by the Trump administration, and a review of hundreds of pages of internal documents, emails and court records.

    The DOGE team, and Bisignano, have prioritized scoring quick wins that allow them to post triumphant tweets and press releases — especially, in the early months, about an essentially nonexistent form of fraud — while squandering the chance for systemic change at an agency that genuinely needs it.

    They could have worked to modernize Social Security’s legacy software, the current and former staffers say. They could have tried to streamline the stupefying volume of documentation that many Social Security beneficiaries have to provide. They could have built search tools to help staff navigate the agency’s 60,000 pages of policies. (New hires often need at least three years to master the nuances of even one type of case.) They could have done something about wait times for disability claims and appeals, which often take over a year.

    They did none of these things.

    Ultimately, no one had a more complete view of the missed opportunity than Lee Dudek. A 48-year-old with a shaved pate and a broad build that suggests an aging former linebacker, Dudek is a figure seemingly native to the universe of President Donald Trump — an unlikely holder of a key post, elevated after little or no vetting, who briefly attains notoriety in Washington circles before vanishing into obscurity — not unlike Anthony Scaramucci in the first Trump administration.

    Dudek, a midlevel bureaucrat with blunt confidence and a preference for his own ideas, had failed in his one past attempt to manage a small team within the SSA, leading him and his supervisors to conclude he shouldn’t oversee others. Despite that, Trump made him the boss of 57,500 people as acting commissioner of the agency this spring.

    Dudek got the job, wittingly or not, through an end-run around his bosses. After Trump won the 2024 election and rumors of a cost-cutting-and-efficiency SWAT team began to swirl, Dudek asked people he knew at big tech companies for introductions to potential DOGE members. In December, a contact set him up with Musk’s right-hand man, Steve Davis, which led to conversations with other DOGE figures about how they could “hack” Social Security’s bureaucracy to “get to yes,” Dudek said.

    By February, Dudek had become the conduit between DOGE and the SSA, alerting top agency officials that DOGE wanted to work at headquarters. And unlike Michelle King, the acting agency chief at the time, Dudek was willing to speed up the new-hire training process to give DOGE access to virtually all of the SSA’s databases. This precipitated a sequence of events that began with him being placed on administrative leave, where he wrote a LinkedIn post that propelled him into the public eye for the first time: “I confess,” he posted. “I helped DOGE understand SSA. … I confess. I … circumvented the chain of command to connect DOGE with the people who get stuff done.” The same weekend, King resigned and Dudek, who was at home in his underwear watching MSNBC, got an email stating that the president of the United States had appointed him commissioner.

    Between February and May, when Dudek’s tenure ended, his erratic rhetoric and decisions routinely madefront-page news. He was often portrayed as a DOGE patsy, perhaps even a fool. But in his interviews with ProPublica this summer, he revealed himself to be a much more complex figure, a disappointed believer in DOGE’s potential, who maintains he did what he could to protect Social Security’s mission under duress.

    Dudek is the first agency head to speak in detail on the record about what it is like to be thrust into such an important position under Trump. He told ProPublica that he decided to speak because he wishes that “those who govern” would have more frank and honest conversations with the public.

    To the 73 million Americans whose financial lives depend on the viability of Social Security, those first months were a seesaw of apprehension and rumor. Inside the agency, Dudek, ill-prepared for leadership or for DOGE’s murky agenda, was stumbling through the chaos in part by creating some of his own.

    Dudek knows what it’s like to depend on Social Security. When he was a kid in Saginaw, Michigan, his mother turned to Social Security disability benefits to support him and his siblings after she got injured at a Ford-affiliated parts factory; she also had a mental-health breakdown. (Dudek’s now-deceased father, who worked for General Motors, was alternately abusive and absent, according to the family.)

    At school, Dudek was isolated and bullied for being poor, his sister told ProPublica, and he’s had an underdog’s quick temper ever since. But he was always an advanced student, and he developed an early interest in computer science and politics. As a teenager, he often watched C-Span. He was fascinated, he said, by “how government worked and how it could change people’s lives.”

    Dudek arrived in Washington in 1995 to attend Catholic University of America. He was the type of earnest young man who was enthralled by President Bill Clinton’s campaign at the time to “reinvent government” by injecting it with private sector-style efficiency, much as Trump and DOGE later said they would.

    In college, he also displayed the tendency to buck authority that would mark his professional career. He had a night job running the university’s computer labs; if there were problems, he was supposed to call his boss. He wasn’t supposed to install new software on all the computers, but that’s what he did. It worked, although he got a talking-to about knowing his role.

    After graduating, Dudek spent nearly a decade working for tech companies that contracted with the federal government on modernization projects, before migrating to several jobs within federal agencies themselves.

    In 2009, he arrived at the Social Security Administration as an IT security official. The agency was just like the Saginaw he’d run from, Dudek said: an insular, hidebound place where everyone knew everyone and they all thought innovation would cost them their jobs.

    But the SSA wasn’t the only institution at fault. Congress had enacted byzantine eligibility requirements for disability and Supplemental Security Income benefits, forcing the agency to expend huge amounts of time and money running those programs. At the same time, lawmakers had capped the agency’s administrative funding just as tens of millions of Baby Boomers were aging into retirement, exploding Social Security’s rolls. (The SSA is now at its lowest staffing level in a half-century, even as it has taken on 40 million more beneficiaries.)

    Because of the SSA’s stultifying culture, Dudek said, he leaned into his insubordinate streak. He had the sense that he could do it better, and when he felt like his proposals weren’t receiving money or attention, he went around his superiors. In one instance, he approached potential partners at credit card companies, hoping they would like his ideas for combating fraud and would relay those ideas to the Social Security commissioner at the time. “Certainly from an internal perspective within SSA, certainly from a congressional perspective, I was violating rules,” Dudek said.

    In part because of moves like this, Dudek got reassigned within the agency several times. Over the years, he was given multiple roles as a “senior adviser,” a title he said is for federal employees who are either incompetent but too established to fire or highly competent in a technical way but lacking in management or people skills.

    Dudek was stubborn. He could come off as a know-it-all, and he tended to ramble when speaking. But he is also thoughtful and well read. In our interviews, he brought up everything from the origins of the concept of Social Security among sociologists and psychologists in the Depression era to the bureaucrats who were left behind in faraway places after the decline of the British Empire. He repeatedly cited James Q. Wilson’s seminal 1989 book, “Bureaucracy,” which spills considerable ink on the inefficiencies of the Social Security Administration — and on a businessman named Donald J. Trump who supposedly knew how to cut through red tape to get building projects done. (“No such law constrained Trump,” Wilson wrote.)

    Dudek had been a lifelong Democrat and voted for Kamala Harris. But, like some other liberals, he was becoming exasperated with the “administrative state” and special-interest groups, including corporations, unions and social-justice organizations, that “capture” government and stifle reform. If it took Trump to cut through that, Dudek was open-minded. “The world has changed,” he scribbled in a note to himself. “We must change with it.”

    Immediately after Dudek became commissioner in February, he got a call from Scott Coulter, a hedge fund manager with a $12 million Manhattan apartment who’d been picked to lead DOGE’s team at Social Security. “We’re coming,” Coulter said. “Be prepared.”

    DOGE arrived ready to embark on a specific mission: Its operatives at the Treasury Department had seen data suggesting that the Social Security Administration wasn’t keeping its death records up to date. They thought they saw signs of fraudulent payments. Musk was very, very interested.

    Dudek wasn’t initially concerned about this focus, which he and his colleagues viewed as misguided. To him, the young coders were nerdy outsiders just like he’d once been, albeit ones from privileged Ivy League and Silicon Valley backgrounds. They “reminded me of myself when I first got into computers,” he said. He thought he could mold them.

    In particular, Dudek liked Bobba, who had a gentle air and a thick pile of dark hair that covered his forehead. Dudek had spent hours with Bobba, trying to get him to focus on concrete problems like how beneficiaries’ records were stored, often as cumbersome PDF and image files. Instead, Bobba, who did not respond to a request for comment, prioritized Musk’s quest to prove that dead people were receiving Social Security benefits.

    Bobba had completed high school in New Jersey just three and a half years earlier. As a class speaker at his graduation, he’d encouraged his classmates not to ignore “nuance” and “complexity.” He’d lamented the “increasing willingness to simplify even the most complex narratives into sensational tidbits” like “280-character tweets,” which “perpetuates misinformation.”

    Yet Dudek had barely settled in as commissioner when Bobba unintentionally sparked a national misinformation firestorm: A table he created appeared as a screenshot in a grossly misleading Musk tweet about “vampires” over the age of 100 allegedly collecting Social Security checks. Bobba had sorted people with a Social Security number by age and found more than 12 million over 120 years old still listed in the agency’s data.

    Bobba said he knew these people weren’t actually receiving benefits and tried to tell Musk so, to no avail, according to SSA officials. Dudek watched in horror as Trump then shared the same statistics with both houses of Congress and a national television audience, claiming the numbers proved “shocking levels of incompetence and probable fraud in the Social Security program for our seniors.” (The White House declined to comment on this episode. Bisignano, the new SSA commissioner, has repeatedlysaid that “the work that DOGE did was 100% accurate.”)

    Inside the SSA, the DOGE team tried to find proof of the fraud that Musk and Trump had proclaimed, but it didn’t seem to know how to go about it, jumping from tactic to tactic. “It was a maelstrom of topic A to topic G to topic C to topic Q,” said a senior SSA official who was in the room. “Were we still helping anything by explaining stuff?” the official said. “It really wasn’t clear by that point.”

    Dudek began to realize that the problem wasn’t primarily the people he called the “DOGE kids.” It was the senior leaders who were issuing orders without heeding what the young DOGErs were learning.

    Dudek was perhaps the most favorably disposed to the outsiders. Plenty of agency officials were already put off by the DOGErs, who often issued peremptory orders to meet with them and answer questions.

    Michelle Kowalski, an analyst who has since departed the agency, was instructed to take one of the DOGE people, Cole Killian, through earnings data and historical records to analyze the cases of extremely old people whose deaths had not been recorded in Social Security data. She found herself having to explain to him, again and again, that many of these people were born before states reported births and deaths to the federal government and decades before the advent of electronic record keeping. In the early days of the agency, some people didn’t even know their birthdays.

    Kowalski had assumed that Killian was middle-aged, since he was issuing instructions to her team. But he usually kept his camera turned off during video meetings. When he finally turned it on for one call, the face she saw seemed like that of a teenager.

    Killian was actually 24, just six years removed from performing “Hotel California” at his high school talent show at Cambridge Rindge and Latin School outside of Boston. (Killian, whose DOGE responsibilities also involved work at the Environmental Protection Agency, did not respond to a request for comment from ProPublica.)

    Kowalski was exasperated by having to answer to such inexperience, even as so many of her colleagues were being pushed out the door by the Trump administration. She was not alone.

    “Many of us had actually believed in the marketed idea of genius technologists coming in to make things work better,” one senior SSA official said. But DOGE ended up being more interested, the official said, in “trying to prove that the Social Security Administration was entirely incompetent” than in suggesting improvements.

    Employees at headquarters took their time walking past the glass-walled conference room where DOGE staffers had set up, glaring in at them as they worked among stacks of laptops that they used for assignments at different agencies. On a blog popular among SSA staffers, the mood in the comments section turned dark, with some anonymous posters identifying where in the building the “incel DOGE boys” were located and saying that “they are just warming up … just think what will come next.”

    Dudek sensed the growing tension. He felt it, too. He’d been getting anonymous death threats mailed to his house. He decided to move the DOGE operatives to a more secluded area of the campus and assigned an armed security detail to protect them.

    During his first month as commissioner, Dudek ran his executive meetings in bombastic fashion, as if he were Trump on “The Apprentice.” And he sent out insulting full-staff emails pressuring career employees to retire. (Some 5,500 have left, with 1,500 more expected to follow.)

    Dudek says this behavior stemmed partly from being in over his head, amazed by who he was suddenly answering to. “When the president of the United States asks you to do stuff,” he said, “you get caught up.”

    But he also claims he was just performing a role. “Early on, I put on a persona of a yeller,” Dudek said. (Multiple longtime colleagues and friends noticed the change, they told ProPublica. As one put it, “There’s Lee, and then there’s Leland-performingly-Dudek.”)

    This, he hoped, would convince the White House and DOGE of his commitment, which could in turn give him credibility as he kept trying to push them toward the real issues at Social Security.

    But the Trump administration kept having other plans. Its demands usually came through Coulter, the DOGE lead with the Harvard and hedge fund background, who early on dropped by Dudek’s office unannounced multiple times a week, Dudek said.

    “I really think it would be helpful if you were to do this tomorrow,” Coulter would say to Dudek about eliminating an entire division of the SSA or cutting more staff, according to Dudek. To him, these suggestions felt like orders. If he responded, “I don’t know, let me think about it,” Coulter would call a few hours later on the encrypted-messaging app Signal to ask, “You really aren’t catching on, are you?” and “Do you know how many times I’ve defended you?”

    “I was supposed to get the message — and it would be ‘my own decision,’ so I’d be stuck with it,” Dudek said. “He can say he never told me to do anything.” (Coulter, who has been working for DOGE at NASA in recent months, did not respond to a request for comment.)

    One of Coulter’s suggestions involved the SSA’s Office of Transformation, which had been doing the seemingly DOGE-like work of developing an online application to replace many of the agency’s paper-based forms and in-person interviews. The office had been working with elderly, low-income and disabled people to see what most confused them about SSA processes and what would most help them if these were redesigned.

    But instead of facilitating this effort at greater efficiency, Coulter told Dudek to close the office, according to Dudek, claiming it was wasteful. Agency staff joked that DOGE shut it down because its name included a word that began with “trans.”

    Dudek and his colleagues sometimes attempted to co-opt DOGE’s obsessions in the hope that they could address a genuine problem at the agency. This strategy was not successful.

    Such was the case with the issue of phone fraud. Knowing that the DOGErs would perk up at the mention of anything fraud-related, Dudek and other officials made a point of explaining that they’d been working on an initiative to block bots that had been calling the agency. The bots would impersonate beneficiaries, using dates of birth and other information that can be found on the internet, to try to change the beneficiaries’ bank-routing information and steal their benefits.

    In 2024, Dudek had been on a team that spearheaded an effort to combat this type of fraud. The plans included running all phone-based requests for bank account changes against a Treasury Department database of suspicious accounts and analyzing such calls to verify whether they were being made from the vicinity of the address on file of the person purportedly calling.

    DOGE ignored the proposed solutions. Instead, the White House instructed Dudek to end all claims and direct-deposit transactions by phone. Beneficiaries would have to verify their own identities by using an often-confusing web portal or by traveling to a field office to do it in person. For millions of elderly or disabled people, these were daunting or impossible options.

    When this policy was rolled out at the end of March, beneficiaries panicked. Many flocked to field offices to preemptively provide proof of their identities even when they didn’t need to.

    Back at headquarters, in a weekly staff meeting, Dudek asked who could jump on the increasingly urgent task of making it easier to schedule field office appointments via the SSA website. “Well, Lee, you just fired that team,” one official answered, referring to the Office of Transformation. (Dudek said he asked this question on purpose to make sure DOGE heard the answer.)

    Over the course of six weeks under Dudek, the phone policy zigged and zagged a half dozen times — for example, the SSA adopted, then abandoned, a three-day waiting period to conduct an algorithmic fraud check on all calls — before finally ending up nearly where it began. Transactions could be carried out by phone again.

    Throughout this saga, Dudek was still getting calls from White House officials — most often from Katie Miller, DOGE’s spokesperson and the wife of Stephen Miller, one of Trump’s closest advisers. (Katie Miller went on to work for Musk before announcing plans to launch her own podcast. She did not respond to a request for comment.) Miller often called well into the evening, Dudek said, to chastise him about anything the press had reported that day that had caught the administration off guard.

    As Dudek restored the phone policy to its pre-Trump version, Miller got angrier. “You changed the president’s policy,” she said, according to Dudek.

    “I’m like, ‘No, I’m still with the president’s policy,’” Dudek told Miller. But, if Social Security officials could implement the anti-fraud measures that he and his team had previously been planning, he said, they could “achieve the same end.” In that case, Dudek said, “we will do so and ease the friction point on the public.”

    “How dare you,” Miller said.

    Increasingly dismayed, Dudek hatched a plan that seemed to embody his mix of good intentions, hubris and melodrama. He decided he would continue to play along with DOGE on the surface, in part so that Coulter and the other bigwigs would think he was still handling their business and thus spend less time at the agency. The younger DOGE team members, he said, were “easier to work with when their masters weren’t around.”

    But behind the scenes, he began to undermine DOGE however he could. Sometimes he did this by making intemperate statements that he knew would find their way into the press and draw attention to what DOGE was asking him to do. “Have you ever worked with someone who’s manic-depressive?” he said of the Trump administration’s leadership in one meeting.

    Other times Dudek himself was the leaker. As commissioner, he was often an anonymous source for articles in The Washington Post and The New York Times. “If it was stupid stuff from the DOGE team, a lot of times I would go out to the press and immediately tattletale on myself so that it would blow up the next day,” Dudek said, adding that he did this in part to help Social Security advocates understand and bring attention to the growing crisis at the agency.

    Rebecca Vallas, CEO of the nonprofit National Academy of Social Insurance, said she was in a one-on-one meeting with Dudek in March when he started getting calls from DOGE officials and the media. The calls were about his recent public comments claiming he might have to shut down the entire Social Security Administration if a federal judge continued to deny DOGE access to sensitive Social Security data. “He just let me sit there with the volume up high,” Vallas said.

    On one of the calls, she said, someone told Dudek, “Elon loved that, but now it’s time to walk it back.” Afterward, Dudek told her, “I don’t know how we get out of this without hurting huge numbers of people. … I’m just trying to give advocates some ammunition.”

    Dudek’s strategy was easier to pull off without DOGE catching on if it came off as the blundering of an amateur, he told ProPublica. In the most striking example, DOGE instructed Dudek to cancel two contracts that the SSA had with the state of Maine, according to Dudek and other SSA officials. The contracts, which all 50 states have long had versions of, allowed Maine to automatically report births and deaths to Social Security. Canceling them would impede government efficiency: Births and deaths in the state would take weeks or months longer to enter the federal system. That would likely cause benefits to continue to be sent to thousands of Mainers after they’ve died, exactly the kind of thing that Trump and Musk had been railing against.

    It seemed clear to Dudek that he was being told to do this only because Trump was publicly feuding with Maine’s governor about transgender athletes. (The White House declined to comment on this episode.) So he decided to “write the hell out of” an email directing that the contracts be canceled. He did so in a way he thought would still earn him points with Trump and DOGE but that would, simultaneously, be so inflammatory that it would create a major storyline for reporters, advocates and Congress.

    “Please cancel the contracts,” Dudek’s email read. “While our improper payments will go up, and fraudsters may compromise identities, no money will go from the public trust to a petulant child.” That last phrase referred to Maine’s governor, Janet Mills, the one Trump had been fighting with. (“Do I care about Janet Mills? No,” Dudek told ProPublica.)

    As Dudek had hoped, the press attention he generated compelled him to do what he already wanted to do: reinstate the contracts. In a written apology, he explained that he was only belatedly realizing the potential harm of what he (alone) had done. “I screwed up,” he told reporters. “I’m new at this job.”

    Once again, Miller called Dudek and excoriated him. “What the hell is going on?” she said.

    “This place leaks like a sieve,” he answered. “What can I tell you?”

    Looking back on his tenure, Dudek maintains that his three months working alongside DOGE were not as harmful as they could have been, especially compared with what happened this spring at other federal agencies, some of which were essentially vaporized. Social Security checks, he points out, are still going out the door.

    Still, the SSA is reduced in his wake, with thousands fewer staff members to process claims and improve systems. These departed employees were disproportionately experienced and knowledgeable; they were the ones able to get other jobs or to retire with a pension. They took a lot of know-how with them.

    And the emotional harm that DOGE caused to older people and to people with disabilities — worsened by Dudek’s confusing actions — lingers. Many of these people have had money taken out of their paychecks their entire careers to pay for something more than just retirement benefits: security. It’s a feeling that may now be lost to them forever.

    Indeed, DOGE and Dudek caused so much consternation about the stability of the system that hundreds of thousands of people have filed early for retirement in recent months, even though doing so is not financially wise in the long term. The SSA must now pay out more in benefits than expected, contrary to DOGE’s cost-saving mission.

    Dudek’s sister back in Saginaw, Ana Dudek, relies on Social Security disability benefits. “I would talk to my brother when he was commissioner and be like, dude, the decisions you’re making are causing people to feel terror,” she said. “Terror is an apt descriptor.”

    Dudek acknowledges much of this. “I’m not a cold, callous son of a bitch, I really do get it,” he said. “I’ll forever be associated with the pain of DOGE. … But so much went on in such a short amount of time. I tried to make the best decisions I could given the circumstances.”

    Since being dismissed from the agency in June, Dudek has been struggling to find another job. “My name is mud,” he said. “It is as if I no longer exist.”

    As a former SSA colleague put it, Dudek’s story is “the story of a disposable pawn, and there’s lots of those under Trump. They just used him, and then they disposed of him.”

    The White House, presented with extensive questions for this article, sent a one-paragraph statement disparaging ProPublica and Dudek. ProPublica’s story, White House spokesperson Davis Ingle said, “is largely based around the comments of a disgruntled former employee who openly admitted to leaking to the media, manipulating his colleagues, and repeatedly telling lies from his official position. On his last day as Acting Commissioner, Leland Dudek showered praise upon President Trump in an op-ed and touted the ‘real results’ of the Social Security Administration, but now that he’s bitter about being out of the top job — he’s singing a different tune.”

    Dudek said the administration asked him to write the op-ed and then vetted it. Referring to the litany of extravagant praise that cabinet secretaries lavished on Trump recently, he said, “you saw the cabinet meeting.”

    Bisignano, the Social Security commissioner, comes to the role with a very different professional background than Dudek (though, like Dudek, he has working-class roots, in his case in Brooklyn). Until this job, Bisignano, 66, spent his career in the private sector. He was a top executive in operations and technology at massive banks like Citigroup and JPMorganChase and went on to become CEO of the payment processor Fiserv.

    Yet, like DOGE, he appears to have embraced the appearance of efficiency rather than efficiency itself. He has repeatedly told staff that Social Security should be run more like Amazon, with AI handling more customer interactions. But disability claims are more complicated than ordering toothpaste, according to SSA officials and experts, and Social Security’s customer base is older and more likely to have an intellectual disability than the average Amazon Prime member.

    Bisignano has also fixated on how much time it takes to reach an agent on the SSA’s 800 number. In a July press release, he claimed that the average was down to six minutes, an 80% reduction from 2024. He achieved this in part by reassigning 1,000 field office employees to phone duty. That means initial calls are getting answered faster, but there are significantly fewer staff members available to handle complex, in-person cases. And “reaching an agent” turns out to mean speaking to a human being — or an AI bot. Internal SSA statistics obtained by ProPublica reveal that Bisignano’s estimate treats cases in which beneficiaries interact with a chatbot and opt for a callback as “zero-minute” waits, skewing the average. If you actually stay on the line, USA Today has found, it often takes over an hour to reach a live representative.

    In its statement, the SSA reiterated that call wait times have dramatically improved and that “using technology on our national 800 number has enabled 90 percent of calls handled to be served via automated self-service options or convenient callbacks.”

    Even the latest phone fraud policy feels like a rerun from DOGE’s earlier season. In late July, Bisignano’s team quietly posted a document to the Office of Management and Budget website stating that 3.4 million more people would have to go into field offices to verify their identities instead of being able to do so by phone, starting Aug. 18. Days later, the SSA announced that this was actually optional.

    The DOGE era may officially be over at the agency, but the approach, it seems, is the same. As one SSA official put it, Bisignano is “doing all the same fundamentally inefficient things, more efficiently.”

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    Eli Hager, ProPublica

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  • Cycle 3 Expectations Show Dogecoin Price Could Cross $10 With This Decisive Break

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    Crypto analyst DOGECAPITAL has predicted that the Dogecoin price could rally above $10. He revealed that the foremost meme coin needs to have a decisive break above a particular level for it to record this parabolic run to the upside. 

    Dogecoin Price Eyes Rally To $10 Based On Cycle 3 Expectations

    In an X post, DOGECAPITAL indicated that the Dogecoin price could rally to $10 based on historical cycle patterns. He noted that in Cycle 3, which is the current cycle, DOGE has already crossed critical price levels and is now approaching the $0.30 range again. The analyst claimed that if the pattern continues, a decisive break above this level could ignite the next parabolic run. 

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    This prediction came as DOGECAPITAL revealed that the Dogecoin price monthly chart reveals a recurring pattern in its price action across each major cycle. He further noted that in every cycle, bullish momentum tends to ignite as the DOGE price nears the intersection of the green and red lines. The analyst added that a parabolic rally typically follows once the price breaks above the yellow line.

    Historical pattern hints at a massive surge | Source: Chart from DOGECAPITAL on X

    DOGECAPITAL noted that, in Cycle 1, the Dogecoin price surged 9,221% almost immediately after crossing the green/red line intersection. Meanwhile, in Cycle 2, a similar setup led to a more parabolic rally of over 24,617% for the meme coin after the same crossover. Now, in Cycle 3, DOGE has crossed the green and red lines and is now looking to break above the yellow line for a parabolic rally beyond $10

    DOGECAPITAL stated that historically, each bull run has outperformed the last. He alluded to factors such as growing adoption, less inflation, rising institutional interest, and ongoing technological advancements as what could spark a greater rally in this cycle than the previous ones. 

    A Rally To A New ATH Is Imminent

    In an X post, crypto analyst Kevin Capital suggested that a Dogecoin rally to a new all-time high (ATH) is imminent. He noted that DOGE monthly Stoch RSI crosses during bear markets and bull markets have produced very predictable price action in the past. The analyst added that if the macro continues to align the way it is currently, then it will remain predictable, hinting at a rally to the upside. 

    Related Reading

    Kevin Capital noted that the stars need to align not just from a technical analysis perspective, but also in relation to monetary policy expectations and macroeconomic data. From a fundamentals perspective, it is also worth mentioning that the first spot Dogecoin ETF could launch this week after Rex-Osprey teased about the launch last week. 

    At the time of writing, the Dogecoin price is trading at around $0.23, up over 7% in the last 24 hours, according to data from CoinMarketCap.

    Dogecoin
    DOGE trading at $0.23 on the 1D chart | Source: DOGEUSDT on Tradingview.com

    Featured image from Getty Images, chart from Tradingview.com

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    Scott Matherson

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  • How Badly Has Elon Musk Damaged Tesla?

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    Photo-Illustration: Intelligencer; Photo: Getty Images

    It has been a rough stretch for Tesla. The once-dominant electric-car company has seen plummeting sales across multiple continents. It faces tough competition from an explosion of sophisticated electric-vehicle manufacturers in China. The Cybertruck, its only major model release in recent years, has been a flop. And Republicans’ One Big Beautiful Bill Act kills federal tax credits for EVs and kneecaps Tesla’s profitable business of selling emissions credits. Perhaps most worryingly for Tesla, a good portion of its customer base has come to loathe the company’s CEO, Elon Musk, especially after he helped bankroll President Donald Trump’s victory in November last year, then spearheaded DOGE, which was chaotically implemented and resulted in thousands of federal layoffs and the near-destruction of USAID among other consequences.

    Musk has undoubtedly done damage to the company he fashioned into a powerhouse; his reputation is a major driver of Tesla’s weak sales. Yet Tesla’s board dearly wants him to be more involved, not less. Last week, it offered Musk a compensation package that would make the richest man on earth significantly richer if he hits a series of audacious sales and profit targets. So where does this all leave a pioneering company that has become as divisive as almost any in America? For insight on that question, I spoke with Garrett Nelson, a senior analyst at the investment firm CFRA Research, who specializes in the auto industry.

    You were quite bullish on Tesla’s future just a few months ago, predicting that the company was well positioned for Trump’s tariffs and that it would be a big winner this year in the market generally. But you’ve been significantly more bearish recently. A couple weeks ago, you said there would be no upside for Tesla’s stock in the next 12 months or so. What has changed in the interim?
    I think the biggest thing is the bill that was passed on July 4 and the implications for Tesla with the federal tax credits going away. Even more significantly for them, it’s the change to the CAFE standards — the federal fuel standards. This has been a very significant bottom-line driver for the company for years. It was about $2.8 billion in revenue last year, up 54 percent over the year before. It’s been a very fast-growing and extremely high-margin revenue source because there’s no cost associated with it — it’s just them selling emissions credits to other automakers who haven’t met the same standards under the corporate average fuel economy.

    The National Highway Transportation Safety Administration immediately stopped issuing noncompliance letters for violating that as soon as the bill was signed into law, so the revenue stream will be going away. And when I look at earnings and the trajectory of where I think estimates are going, it doesn’t look like they’ve accounted for that. Elon Musk’s admission on the last earnings call that we might be in for a few rough quarters was refreshing for us to hear because that’s kind of the way that we see it, and the primary reason why we turned more bearish, or less bullish — we have a “hold” on the stock here. But it’s also the market-share losses, not only in the U.S. market but in Europe and in China as well — the three major global auto markets. They just really haven’t recovered that lost market share, and they’re losing ground to other major EV manufacturers, such as BYD in China.

    It does not seem like a positive picture right now.  
    Yeah. So our concerns are about the near-term and the intermediate-term earnings. We are still positive looking out longer term, five to ten years down the road, because they are focused on higher growth, high-tech areas of the economy, increasingly involved in robotics. They continue to make strides with the Robotaxi autonomous driving software. There’s a lot of R&D that’s happening at the company that I think will pay off over the longer term. But in light of the huge rebound the stock has had since April and an evaluation that we view as really bordering on the full side, it’s hard to justify this stock trading at what we view as well over 100 times next year’s earnings estimates on estimates that we think are still too high — so actually trading at much higher multiples than that when accounting for where we think estimates are going to be revised to in the near future.

    The car business is only a part of what Tesla is doing. Musk recently said that about 80 percent of the company’s value would come from Optimus, its humanoid robots, and predicted that they would turn Tesla into a $25 trillion company. He has a long history of making these kinds of forecasts, and many of them don’t pan out, but he also has a long history of defying people’s gloomy predictions. Do you see anything backing up this kind of hype for these humanoid robots at this point, or is it more just that you and other investors have some faith in the company and him to make this happen?
    I think he has a track record. If you look at his 2018 compensation plan, at the time no one thought that he could actually hit those milestones, and he did. The stock has performed very well over the long term, over the last five to ten years. And I think that’s why investors have such confidence in him. The proxy being issued, and this new compensation plan announced — it’s very ambitious.

    That’s an understatement.
    The market cap would essentially have to increase almost tenfold for him to meet all the criteria, to get the full award of about 12 percent additional stake in the company, which would bring his stake to about 25 percent. But I was following the company back in 2018, and people said the same thing. And at that point, the company, by Musk’s own admission, was just about a month away from bankruptcy. Tesla is in a much different state today financially. They have an investment-grade balance sheet, which is the exception, not the rule, if you look across the auto industry. And they’re sitting on about $37 billion of net cash.

    On robotics, the big question in our view is about the competition. There are other robotics companies right now that are showing technological capabilities that are similar, if not better, than what Tesla has shown so far with Optimus. There are a lot of companies in China working on the same thing. So, I think the concerns are similar to the concerns about the car business, where Tesla has in a lot of ways been surpassed by some of the Chinese companies, and that’s why their market share has fallen so significantly over the last couple years. They’re now the fifth-largest or fifth best-selling EV manufacturer in China. In 2013, they were No. 2.

    The other big part of Tesla’s business that we haven’t really touched on is autonomous vehicles. And that’s another area where it seems to be lagging behind the market leaders, like Waymo.
    I don’t necessarily think they’re behind Waymo. I think Waymo is geographically in more areas than Tesla is right now. But Tesla has a very significant competitive advantage. What they’re using to develop their autonomous driving is much different and much less expensive. Waymo vehicles use LiDAR. Tesla’s approach is basically cameras and a global neural network that’s highly dependent on AI, essentially creating a global mapping system.

    And we know Tesla has annual production capacities of over 2 million vehicles a year. Waymo hasn’t disclosed their capacity to our knowledge, but we think Tesla has significant advantages that will become clearer as they continue to expand to other markets aside from just Austin and the Bay Area. I think investors recognize that, and I think it is reflected in the stock’s performance, which continues to move higher. When I talk with clients and shareholders, there is a recognition that Tesla has really significant advantages over Waymo and other companies, and that’s a significant market opportunity that we estimate to be north of $5 trillion globally.

    Tesla depends so much on just one guy. Obviously he’s made himself toxic to a lot of people with his far-right views and his close involvement in the Trump administration. That’s a big part of why the sales slump is happening. And yet, the company seems to be hanging a lot of its hopes on getting him more involved, as with this pay package.  But does he seem like the same guy to you as he was in 2018? Back then he said he defied all these predictions, but he was much more focused on his companies. Even though he’s not in the Trump administration anymore, he still tweets all day about immigration ruining the world and so on. How do you price something like that in?
    I think the increased political activism has really had an impact on the company’s financials. Going back to just over a year ago, I think last July, when he endorsed Trump and he then became the largest Republican donor in the 2024 election cycle, alienated or left a bad taste in the mouth for a lot of left-leaning consumers. That had an immediate impact on their sales and on their earnings.

    Not just left-leaning consumers, but really most of the market base for Teslas.
    That’s right. Well, he did pick up some consumers on the right, but then more recently he alienated a lot of those consumers when he got in this tiff with the president. So he’s now alienated consumers across the political spectrum. That’s another big concern we’ve had, and another reason why we lowered our rating on the stock. There’s been significant brand damage, and I don’t know where that leaves the brand, but every data point that we get is not positive in terms of their sales when you look at their market share compared to other companies. It’s something we’ve seen across the consumer space with other companies. When they get involved in a hot-button issue or take sides in terms of politics, it turns off a lot of consumers. There was Anheuser-Busch InBev with the Bud Light debacle, and more recently another company I follow, Harley-Davidson, and the Cracker Barrel thing just a couple weeks ago.

    I think the difference is that there’s no face of Cracker Barrel who’s tweeting all day and who killed a bunch of government programs. I could see a future where there’s competing autonomous-vehicle brands here in New York City, and nobody would want to take a Tesla because they hate him so much.
    And that’s the big issue. There’s arguably no executive that is more the face of a brand in the world. Elon Musk is the face of the Tesla brand, and that’s problematic, in our view. It’s done damage to the brand and we haven’t seen signs of a recovery from that. It’s going to take time.

    But I would expect the pay package to be approved pretty easily because it aligns Musk’s interests with the interests of shareholders. The amounts of money — it’s unprecedented. A package like this has never been seen before when you talk about the $7.5 trillion required to hit all of the 12 tranches. I think you’re seeing the stock trade higher because shareholders recognize that if he is able to deliver on all of these thresholds, then investors will do very well. He essentially has to double the market cap of where Tesla is today to even hit the first threshold. That requires a doubling of the stock price from here, even after the company’s value has already moved up so much. And if that doesn’t happen, he gets paid nothing. There’s no salary, no bonuses.

    The guy has more than $400 billion already, so is another several hundred billion going to be the thing that incentivizes him when he seems more driven by ideological concerns than financial ones?
    When he left DOGE, that was viewed as a big positive. This would essentially keep him locked in for the next decade. And he said he was going to form this third political party but has backed off, which I think is another big positive. And I think this really locks him in for the next decade if it were to be approved, as we expect that it will be.

    Would the company without him be significantly different, do you think? Would Tesla still be Tesla? 
    In our view, his presence at the company is a significant component of the value of the company — just his presence. We estimate roughly 30 percent of the value of the company is Elon Musk. So if something were to happen, if he were to leave the company, or get fired, I think you would see a very significant hit to the value of the company, just because there’s this perception that he’s going to continue to deliver and create value for shareholders by diversifying into these industries where maybe Tesla isn’t involved in today, such as robotics, and he’s going to create value for shareholders over the long term in a way that other executives would not be able to.

    This interview has been edited for length and clarity.


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    Benjamin Hart

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  • Dogecoin Price Set For Explosive Rally If This Structure Holds

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    The Dogecoin price is at a significant decision point on the chart, and according to a new analysis posted on TradingView, the next move could be explosive. The popular token is trading above a key support area that it has repeatedly tested. If buyers continue to defend this structure, the top memecoin has room to rally higher. However, if the support fails, the bullish outlook could fade rapidly, leaving Dogecoin vulnerable to a deeper pullback. 

    Dogecoin Price Holds Critical 0.5 Fibonacci Support

    According to the TradingView analyst, Dogecoin is consolidating just above the $0.214 level, which matches the 0.5 Fibonacci retracement and the ascending trendline support. The analyst described this support as a “make-or-break” zone for the Dogecoin price. If bulls can keep the price steady here, it may give them the strength to push higher.

    Related Reading

    The 0.214 area is essential as it combines two key supports simultaneously: the Fibonacci 0.5 level and the rising trendline. According to the analyst, this means buyers must hold firm to keep control. The Stoch RSI indicator is also resetting in the middle zone, which shows the market has room for momentum in either direction. In simple terms, it signals that a bigger move could be coming soon, depending on whether buyers or sellers take control first.

    This zone is now watched closely by traders. Holding above it suggests that buyers are still in charge. Falling below it, however, would open the door for a deeper test of lower levels.

    Source: TradingView.com

    Bounce Could Target $0.278, Breakdown Risks $0.197

    The analyst notes that if bulls succeed in defending the 0.214 level, Dogecoin could bounce toward the $0.278 resistance zone. This level they described as a central horizontal supply zone, where sellers may attempt to halt the rally. Breaking past it would confirm strength from buyers and could drive fresh momentum into the market.

    Related Reading

    The analyst cautions about the risks at play here. If the structure fails and price breaks down from the 0.214 area, the next necessary support lies near $0.197, known as the golden pocket. Falling under this level would cancel the bullish outlook and push the price toward the deeper retracement zone at $0.173.

    The analyst says that Dogecoin’s next direction depends on how the price reacts at this level. Bulls need to hold their ground if they want to trigger a run toward higher levels. Sellers, on the other hand, are waiting for any sign of weakness to lower prices.

    At this stage, Dogecoin stands at a decisive crossroads. Market watchers are keeping a close eye to see whether bulls can protect the structure and ignite the bounce toward higher resistance, or if sellers will seize control instead.

    Dogecoin price chart from TradingView.com
    DOGE price struggles above $0.21 | Source: DOGEUSDT on TradingView.com

    Featured image from DALL.E, chart from TradingView.com

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    Sandra White

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  • Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First?

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    New technical analysis suggests that the Dogecoin price is teetering at a pivotal point that could dictate its trajectory for the coming months. According to a crypto analyst, the meme coin faces two stark possibilities: a massive bullish breakout that could catapult DOGE by 800% to a new peak of $1.82, followed by a potential crash that may drag the meme coin’s value below $0.1. 

    Dogecoin Price To See Massive Rally Before Crash

    In an August 31 post on X social media, crypto analyst KrissPax announced that Dogecoin may be on the verge of a dramatic rally if historical price action and Fibonacci Extensions play out. He projected that DOGE could trade up to the 2.618 Fibonacci level this fall, which aligns with the $1.82 price mark. Such a bullish move would represent a remarkable 800% gain from the meme coin’s current value of roughly $0.218. 

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    KrissPax shared a chart showing multiple accumulation zones where Dogecoin held firm despite broader market corrections, indicating that long-term holders could be reinforcing price stability. Although the outlook points to an explosive upside potential for DOGE, the analyst also warned that a looming bearish scenario is still in play. 

    Based on the chart’s trajectory, once Dogecoin hits the projected $1.82 all-time high, the meme coin could experience a steep crash toward $0.09 (0.236 Fibonacci retracement), revisiting its weakest levels since 2023. KrissPax referred to this zone as a “gift” in his chart, suggesting it may offer a chance to accumulate at lower prices

    Source: Chart from KrissPax on X

    With the price now hovering near key resistance, Dogecoin appears to be approaching a decisive moment that could determine its next target. For investors, this presents a classic high-risk, high-reward setup that could offer strong gains to early accumulation ahead of a breakout or deliver significant losses if bearish pressure sends the meme coin plummeting. 

    Moving forward, KrissPax indicated that Dogecoin’s current low price, relative to its previous peaks, could be an opportunity for traders to add to their portfolios. He warns that hesitating to buy at discounted levels could result in being left out when DOGE begins another steep climb. 

    $0.23 Identified As Key Breakout Threshold

    In a separate X post, crypto market expert Ali Martinez shared his latest Dogecoin analysis, taking a more bullish stand. He pointed to a symmetrical triangle pattern forming on the Dogecoin 4-hour chart, where price action has been consolidating between tightening support and resistance lines. Based on his analysis, this type of formation often signals an impending breakout, with the direction ultimately determined by which boundary the pattern is breached. 

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    Martinez has identified $0.23 as the critical level to watch. If Dogecoin breaks above this threshold with convincing volume, it could trigger a fresh bullish rally toward higher resistance levels at $0.25, $0.28, and potentially $0.30. The analyst’s chart projection outlines a step-like ascent once the breakout is confirmed, suggesting a sustainable rally rather than an immediate spike.

    Dogecoin
    DOGE trading at $0.21 on the 1D chart | Source: DOGEUSDT on Tradingview.com

    Featured image from Getty Images, chart from Tradingview.com

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    Scott Matherson

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  • DOGE Put Everyone’s Social Security Data at Risk, Whistleblower Claims

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    As students returned to school this week, WIRED spoke to a self-proclaimed leader of a violent online group known as “Purgatory” about a rash of swattings at universities across the US in recent days. The group claims to have ties to the loose cybercriminal network known as The Com, and the alleged Purgatory leader claimed responsibility for calling in hoax active-shooter alerts.

    Researchers from multiple organizations warned this week that cybercriminals are increasingly using generative AI tools to fuel ransomware attacks, including real situations where cybercriminals without technical expertise are using AI to develop the malware. And a popular, yet enigmatic, shortwave Russian radio station known as UVB-76 seems to have turned into a tool for Kremlin propaganda after decades of mystery and intrigue.

    But wait, there’s more! Each week, we round up the security and privacy news we didn’t cover in depth ourselves. Click the headlines to read the full stories. And stay safe out there.

    Since it was first created, critics have warned that the young and inexperienced engineers in Elon Musk’s so-called Department of Government Efficiency (DOGE) were trampling over security and privacy rules in their seemingly reckless handling of US government data. Now a whistleblower claims that DOGE staff put one massive dataset at risk of hacking or leaking: a database containing troves of personal data about US residents, including virtually every American’s Social Security number.

    The complaint from Social Security Administration chief data officer Charles Borges, filed with the Office of the Special Counsel and reviewed by The New York Times, states that DOGE affiliates explicitly overruled security and privacy concerns to upload the SSA database to a cloud server that lacked sufficient security monitoring, “potentially violating multiple federal statutes” in its allegedly reckless handling of the data. Internal DOGE and SSA communications reviewed by the Times shows officials waving off concerns about the data’s lack of sanitization or anonymization before it was uploaded to the server, despite concerns from SSA officials about the lack of security of that data transfer.

    Borges didn’t allege that the data was actually breached or leaked, but Borges emphasized the vulnerability of the data and the immense cost if it were compromised. “Should bad actors gain access to this cloud environment, Americans may be susceptible to widespread identity theft, may lose vital health care and food benefits, and the government may be responsible for reissuing every American a new Social Security number at great cost,” Borges wrote.

    Nearly 10 months have passed since the revelation that China’s cyberespionage group known as Salt Typhoon had penetrated US telecoms, spying on Americans’ calls and texts. Now the FBI is warning that the net cast by those hackers may have been far broader than even previously thought, encompassing potential victims in 80 countries. The bureau’s top cyber official, Brett Leatherman, told The Wall Street Journal and The Washington Post that the hackers had shown interest in at least 600 companies, which the FBI notified, though it’s not clear how many of those possible targets the hackers breached or what level of access they achieved. “That global indiscriminate targeting really is something that is outside the norms of cyberspace operations,” Leatherman told the Journal. The FBI says that Salt Typhoon’s telecom hacking alone resulted in the spies gaining access to at least a million call records and targeted the calls and texts of more than a hundred Americans.

    Days after Donald Trump’s Alaska summit with Vladimir Putin, the White House moved to gut its own intelligence ranks. A senior CIA Russia analyst—29 years in service and slated for a coveted overseas post—was abruptly stripped of her clearance, The Washington Post reported. She was one of 37 officials forced out under an August 19 memo from Director of National Intelligence Tulsi Gabbard. The order listed no infractions. To colleagues, it looked like a loyalty purge. The firings have reportedly unsettled the CIA’s rank and file, sending a message that survival depends on hewing intelligence to fit the president’s views.

    On Monday, Gabbard unveiled what she calls “ODNI 2.0,” a restructuring that cuts more than 500 positions and shutters or folds whole offices she deems redundant. The Foreign Malign Influence Center and the Cyber Threat Intelligence Integration Center are being pared back, while the National Intelligence University will be absorbed into the Pentagon’s defense school. Gabbard says the plan will save $700 million a year and depoliticize intelligence. Critics noted, however, a fact sheet published by Gabbard on Monday itemized only a fraction of those savings, and tjeu warned that the overhaul could hollow out the very coordination ODNI was created post-9/11 to provide—discarding expertise and leaving the intelligence fragmented at a time of escalating threats.

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    Andy Greenberg, Lily Hay Newman, Dell Cameron

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  • Dogecoin Crash Incoming? Analyst Warns Bulls Are Out Of Time

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    Dogecoin’s near-term uptrend may be running on fumes, with crypto analyst Kevin (Kev Capital TA) warning that a breakdown is already in motion and that the memecoin’s bull case now hinges on a thin band of support around $0.20. In a late-August 25 livestream, Kevin argued that DOGE’s structure has deteriorated into a classic post-rally trap while its fate remains tethered to Bitcoin’s next move.

    Dogecoin Bulls Cornered

    “This chart’s not really in control of its own destiny. It’s going to follow what Bitcoin and ETH do, mainly Bitcoin,” he said, adding that the setup turning heads on his screen was a “symmetrical triangle pattern… which is not bullish after an up move. It’s bearish. It’s typically [going to] break down,” a process he said appeared to be underway during the stream.

    Dogecoin symmetrical triangle pattern
    Dogecoin symmetrical triangle pattern | Source: X @Kev_Capital_TA

    The levels, in his view, are now brutally simple. On the top side, the “major level… remains the same,” with the golden-pocket resistance still parked at $0.285–$0.261. That band has capped impulse attempts since Q1 and, alongside higher Fibonacci checkpoints—0.703 at ~$0.329 and 0.786 at ~$0.413—defines the ceiling that bulls have repeatedly failed to clear with authority.

    Related Reading

    On the downside, Kevin marked $0.195–$0.189 as “a major support zone,” aligning the 0.5 Fib around ~$0.189 with DOGE’s trend MAs. “You’re even in support right now via the 100 EMA and daily 200 EMA,” he noted, while pointing to the 200-day SMA near ~$0.198 and a rising channel that has seen “multiple taps to the high and the low.”

    Lose that $0.19–$0.20 cluster, he warned, and the path of least resistance shifts quickly lower: “If Dogecoin loses that, very likely [it’s] coming back down to the trend line… anywhere from 16 cents,” with deeper legacy supports around $0.147, $0.137, and “the $0.14–$0.127 zone” described as the “big big support.”

    Dogecoin long-term price targets
    Dogecoin long-term price targets | Source: X @Kev_Capital_TA

    In other words, the “crash” risk Kevin is flagging is less about sensational downside targets and more about the mechanical nature of DOGE’s structure if $0.19 gives way: a vacuum to the channel base near $0.16 first, then prior demand shelves if momentum accelerates.

    Related Reading

    Context matters, and Kevin stressed that DOGE beta is overwhelmingly macro-driven inside crypto. When Bitcoin rallies while Bitcoin dominance falls, DOGE can rip—“Dogecoin had a phenomenal day” on a recent Friday, he said, citing a roughly 11–12% surge when BTC rose ~3.5% and dominance slid more than 0.7%. But “if ETH is outperforming and it’s in ETH season, you’re not going to get massive Dogecoin performance,” he cautioned, explaining much of DOGE’s relative lethargy while Ethereum-linked majors and ETH-beta names have led flows for months.

    Kevin’s tactical roadmap is therefore stark. First, respect the $0.195–$0.189 shelf as the line between a controlled pullback and a disorderly trendline test. Second, accept that the upside will likely remain capped beneath $0.285–$0.261 until Bitcoin resolves higher and dominance sustainably bleeds. Third, avoid the classic liquidity trap of buying emotional spikes into resistance. “Don’t buy altcoins at the highs,” he said. “Allocate into ones that are at major support,” and do it in small, risk-aware increments rather than overextending into weakness.

    The analyst’s bottom line for Dogecoin is blunt and time-sensitive. The post-rally triangle has already begun to fracture; the $0.19–$0.20 belt is “the lifeline.” Hold it and DOGE can stabilize inside its rising channel while it waits for a friendlier Bitcoin-led tape. Lose it, and “a crash” in Kevin’s definition—an accelerated move toward ~$0.16 and, if pressure persists, the mid-teens support stack—is the next chapter.

    At press time, DOGE traded at $0.21.

    Dogecoin price
    DOGE holds above the EMA200, 1-day chart | Source: DOGEUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • WIRED Roundup: The US Chip Manufacturers’ Bonanza

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    On this episode of “Uncanny Valley,” our senior business editor joins us to talk about the Trump administration’s deals with chipmakers, OpenAI’s potential $500 billion valuation—and ants.

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    Zoë Schiffer, Louise Matsakis

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  • Analyst Says Dogecoin Price Is Entering Expansion Phase – Here’s What It Means

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    According to crypto analyst Cas Abbé, Dogecoin’s current movement suggests it is stepping into a new expansion phase after an extended period of accumulation. This development comes after months of relatively muted sentiment with strong price support, which now appears to be forming the groundwork for another strong breakout. Notably, technical analysis of various charts tracking Dogecoin’s hash rate, CVDD levels, alpha pricing, and network stress index provides context to this technical outlook, which might see Dogecoin surge to new price highs.

    Signs Of An Expansion Phase In Dogecoin

    Taking to the social media platform X, crypto analyst Cas Abbé explained a few reasons as to why the Dogecoin price is about to enter into an expansion phase. The first being that Dogecoin has been trading inside a wide accumulation range in the past few months. This base has been at the $0.20 price level since the beginning of August.

    This type of prolonged base-building is mostly always known to precede sharp upward moves, as it reflects the gradual buildup of strong demand. Furthermore, the analyst noted that the current breakout attempts are backed by rising trading volume, which he interpreted as institutional accumulation. This is unlike past Dogecoin bull cycles, which were mostly based on retail hype.

    Technical momentum indicators such as the Relative Strength Index (RSI) are currently in a mid-range position, and this means that Dogecoin still has significant room to climb before hitting overbought conditions.

    Another factor is the Dogecoin mining hash rate chart. As shown in the image below, the hash rate has been rising massively since the beginning of 2025, showing that network strength has been steadily climbing even during price consolidations and declines.

    Historical Patterns Back Expansion Outlook

    One of Abbé’s key points is that Dogecoin’s price cycles have consistently followed a similar pattern of long sideways stretches followed by sudden vertical expansions. This cycle structure can be seen in the cumulative value days destroyed (CVDD) chart. As shown in the chart below, Dogecoin’s price action stayed well within its accumulation zones before breaking higher in 2018 and then in 2021.

    However, unlike the peaks in 2018 and 2021 where on-chain metrics were overheated, current conditions are calm, which shows more of genuine accumulation rather than profit-taking and distribution.

    The expansion phase is not about short-lived spikes but rather the start of a new directional trend that could redefine Dogecoin’s price structure. Although the analyst did not define a price target, technical analyses from other analysts point to price predictions that will take the Dogecoin price well above its 2021 peak of $0.7316 into the $1 threshold and beyond. A similar analysis by crypto analyst Javon Marks points to a Dogecoin price target of $1.25.

    At the time of writing, Dogecoin is trading at $0.237, up by 9.5% in the past 24 hours.

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Dogecoin About To Explode? On-Chain Models Hint At A Massive Rally

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    An emerging set of on-chain and market structure signals suggests Dogecoin could be coiling for a fresh advance, according to analytics platform Alphractal, which published a new chart pack and methodology notes on X on August 21. The firm argues that miner resilience, a stable “Network Stress Index,” and model-derived bands such as Alpha Price and CVDD have lined up in a way that historically preceded major DOGE trend accelerations.

    $1 Dogecoin Back In Play?

    “Dogecoin’s miners remain incredibly resilient, with hash rate activity pushing toward record highs,” Alphractal wrote, before posing the core question animating its latest study: “Could trading around True Market Mean Price and models like Alpha Price and CVDD pave the way for a potential new all-time high in DOGE?”

    Dogecoin hash rate
    Dogecoin hash rate | Source: X @Alphractal

    At the foundation of the call is a composite gauge the firm calls the Network Stress Index. It blends three dimensions of chain health and pressure—“Fee Stress (fees / market cap – 40% weight), Hash Stress (30-day hash rate volatility – 30% weight), [and] Supply Stress (7-day active supply volatility – 30% weight).”

    Related Reading

    As Alphractal summarizes the read-through: “Higher values suggest potential instability or major transitions. Lower values reflect a balanced network across economic, security, and activity dimensions.” In the current regime, the firm says the indicator “signals stability — showing no warning signs of network risk.”

    Dogecoin Network Stress Index
    Dogecoin Network Stress Index | Source: X @Alphractal

    Beyond raw network conditions, Alphractal overlays two valuation and cycle tools it says have been reliable for UTXO chains such as DOGE, Bitcoin and Litecoin. “Our Alpha Price model works like a magnetic force for sentiment,” the firm noted, describing a behavioral anchor that price tends to respect over time.

    It pairs that with an adjusted version of Cumulative Value Days Destroyed (CVDD), a metric that tracks the age-weighted value of coins moving on-chain. “Our advanced CVDD adjustment has proven to be one of the most accurate tools for identifying tops and bottoms in UTXO blockchains like DOGE, BTC, and LTC,” Alphractal wrote.

    Dogecoin Alpha Price
    Dogecoin Alpha Price | Source: X @Alphractal

    Where those models sit today is central to the thesis. “Currently, the CVDD Top sits at $0.54, but it can climb higher as dormant Dogecoins move — potentially pushing targets above $1,” the post states. The implication is explicitly conditional: if a rally entices long-inactive supply to circulate, the top band would ratchet upward, turning $0.54 from a ceiling into what Alphractal calls “just the starting floor, with euphoric network activity driving further upside.”

    Dogecoin CVDD
    Dogecoin CVDD | Source: X @Alphractal

    The firm frames miner posture as a reinforcing pillar. With hash rate activity “pushing toward record highs,” the view is that security spend and miner participation leave the network well positioned “for a surge in global demand.” That strength, together with price action clustering near what Alphractal labels True Market Mean Price, is presented as the setup phase that has preceded prior Dogecoin expansions on the attached Network Stress, Alpha Price, and CVDD charts dated August 21.

    Related Reading

    Even so, the message is not unqualifiedly bullish. Alphractal closes with a risk caveat tailored to crypto’s current market microstructure: “This opportunity may be sustainable… Still, with leverage building across crypto markets, traders must remain cautious of sudden traps and mass liquidations as DOGE gains momentum.” In other words, while the model complex sketches a constructive backdrop, positioning and derivatives dynamics could inject sharp downside shocks along the path.

    Taken together, Alphractal’s work posits a simple, testable roadmap: a stable network, resilient miners, and price hewing to historically meaningful on-chain bands create room for upside, with the CVDD “Top” currently marked at $0.54 and mechanically capable of rising toward and “above $1” if dormant supply awakens. Whether Dogecoin converts that setup into a full breakout will hinge on the interplay between organic spot demand and a leveraged market prone to abrupt squeezes in both directions.

    At press time, DOGE traded at $0.218.

    Dogecoin price
    DOGE holds above the EMA200, 1-day chart | Source: DOGEUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • ‘Feds to Eds’ ready for Montgomery Co. classrooms – WTOP News

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    A host of former federal workers who lost their jobs in DOGE cuts are starting new careers as educators in the Maryland county.

    Ethan Taylor, who previously worked at the U.S. Department of the Interior, is pivoting to a career in education.
    (WTOP/Kate Ryan)

    WTOP/Kate Ryan

    Paula Martindill teaches a classroom of future educators.
    Paula Martindill teaches a classroom of future educators.
    (WTOP/Kate Ryan)

    WTOP/Kate Ryan

    Glenda Hernandez Tittle, with the School of Education at Montgomery College leads the school’s ACET, Alternative Certification for Effective Teachers program.
    Glenda Hernandez Tittle, with the School of Education at Montgomery College leads the school’s ACET, Alternative Certification for Effective Teachers program.
    (WTOP/Kate Ryan)

    WTOP/Kate Ryan

    Jacob Barock takes notes on techniques for teaching students.
    (WTOP/Kate Ryan)

    WTOP/Kate Ryan

    Ethan Taylor used to work for the U.S. Department of the Interior.

    Abigail Norris used to work at the General Services Administration.

    Jacob Barock planned on a career in federal service while he was working at the National Institutes of Health.

    But all three lost their jobs in the massive cuts carried out by Department of Government Efficiency under the Trump administration.

    Now, they’re days away from starting new careers in classrooms. Taylor and Barock were hired as full time teachers with the Montgomery County Public Schools system.

    Glenda Hernandez Tittle, with the School of Education at Montgomery College, leads the school’s ACET, Alternative Certification for Effective Teachers program.

    Tittle explained there were 18 members in the accelerated ACET program created to help former federal workers make the transition to careers in education.

    “Out of the 18, we have 14 who have been hired already as teachers with Montgomery County Public Schools,” she said. Tittle said that outcome was “very, very exciting considering we just started the program in June.”

    Taylor told WTOP: “I was recently offered — and accepted — a teaching position at Quince Orchard High School in Gaithersburg, Maryland. I will be teaching high school Spanish.”

    It was on the day WTOP visited the ACET classroom in at Montgomery College’s Rockville campus, when Barock learned he’d been hired.

    “I was going to teach high school Bio, and now I’m switching to middle school science at Takoma Park,” middle school, Barock said.

    Barock explained that there were few openings at the high school level, but more opportunities in middle schools. So he shifted his course of study.

    Norris has had a slightly different experience than Taylor and Barock.

    “I’m still putting out applications,” Norris said. “I’ve gotten a couple of callbacks, but nothing concrete yet, which is fine. I’m still early in the process.”

    Since then, Norris has been hired as a long-term substitute teacher at Springbrook High School, where she’ll be teaching English language learners.

    Learning how to teach

    Former federal workers take notes on how to be an effective teacher.
    Former federal workers take notes on how to be an effective teacher. (WTOP/Kate Ryan)

    The three are now classmates in a Montgomery College course taught by Paula Martindill, a veteran of the ACET program and now an assistant principal at Springbrook High School in Silver Spring.

    In front of the class, Martindill models the kind of teaching practices that are designed to create classrooms where students can succeed, and teachers foster engagement and connection.

    After a task where students were given a set time to complete a discussion, Martindill calls out “OK!” And pauses. “That’s time!”

    A student asks for a bit more time.

    “Thirty more seconds?” Martindill shakes her head, smiles and repeats, “That’s time,” signaling that she’s holding to the schedule she’d laid out for them.

    Martindill then gives the class time to shift from their discussions and waits for them to give her their attention.

    “Thank you,” she said, before explaining the next step in the lesson.

    “Peer presentations are happening today, so exciting!” she said.

    This evening, Taylor was among those presenting. He and his partner mirrored the practices Martindill had modeled. Clear instructions. Pauses between directions to make sure students had time to process the information they were getting. And breaking up the content into easy-to-understand pieces.

    In his lesson, Taylor and his partner had students stand up and move to different parts of the room depending on whether they agreed or disagreed with a statement in the lesson.

    It’s a strategy that allows students who spend much of their days sitting at desks, a chance to stretch their legs and literally get a new perspective in the classroom.

    Taylor calls out, “There aren’t any necessarily right or wrong answers,” as students exchange ideas while they take their positions in the classroom.

    Reflecting on the challenges he sees in the field he’s chosen, Taylor said, “To be honest with you, I’m not as concerned about classroom management as I am just the sheer level of preparation that goes into teaching.”

    Martindill said any new classroom teacher can feel overwhelmed as they try to produce lesson plans that will actually hold up when a teacher has as many as 35 students before them.

    ‘A whirlwind’: Steep learning curve for former federal workers

    Jacob Barock, who lost his job at NIH, will teach science in Takoma Park.
    Jacob Barock, who lost his job at NIH, will teach science in Takoma Park. (WTOP/Kate Ryan)

    The ACET program for federal workers, dubbed “Feds to Eds” by the Maryland State Superintendent of Education Carey Wright, has, said Martindill, “been a whirlwind. It started in June, it’s a very fast-paced program, even faster than the regular ACET.”

    Barock, who will be teaching middle school science, said when friends and family learned he was switching from high school to middle school science, some questioned his choice. Middle schoolers have a reputation for being a tough audience, especially for new teachers.

    “Some people think that they’re not the easiest to teach, not the most willing to learn,” Barock said. “I’m looking forward to the challenge, I think it will be good.”

    But he also acknowledged that there was a fairly steep learning curve as he balanced brushing up on the content he’ll be teaching, while taking in how to convey the information to slightly younger students.

    Norris said the program has taught her just how much has changed in education. There’s been a shift away from a top-down model with lots of lecturing, for example.

    “Now there’s so much more project-based learning and students working with each other to learn about a certain topic,” Norris said. “It’s a whole different world now, and I think a better one for learners.”

    ‘I hope to inspire them’

    a figurine of a school bus sits on a desk
    A host of former federal workers who lost their jobs in DOGE cuts are starting new careers as educators in Montgomery County, Maryland, public schools.

    Martindill was asked what tips she gives new teachers. One she said, is to avoid isolation. The first year of teaching is challenging, and in the first weeks, teachers face a fire hose of new information.

    “The grading policy, the technology, the student code of conduct, the employee contract, you’re learning so many things,” she said. “You just have to take a deep breath, find your people,” and she added, “Ask for help.”

    Taylor agreed, saying “Before, I thought I was sort of being thrown to the wolves and would not have the support that I felt I would need to be a successful first year teacher, and I’ve learned quickly that is not the case at all.”

    He’s met with other Spanish teachers in the high school.

    “I’m feeling much better about that than I was, say, four or five weeks ago,” Taylor said.

    Every teacher develops their own style, often based on their personalities. Some veterans advise on leading with a tough exterior. Martindill is not a fan of the “never-let-them-see-you-smile-until-December” approach.

    “I think we need to smile all the time,” Martindill said. “Our children need to know that we’re human, that we’re here for them, that we’re happy they’re here.”

    Norris, who says it’s likely she will substitute for a while before finding a full-time slot, is eager to get to work.

    “For me the privilege of getting to speak French every single day and have fun with the students and help make it engaging for them — that’s like, that’s my why,” she said.

    Barock agreed with part of the attraction to teaching is based on coming up with ways to make a topic — in his case science — interesting to students.

    “Having fun with like, making my own activities that I think the students will enjoy,” Barock said.

    Barock said he has taken the lessons on child development to heart, and wants to make sure that every student — no matter what challenges they face — feels welcome and valued.

    “I want to make their day at school just as easy as possible,” he said.

    Taylor said as he gains more confidence in tackling the challenges that teaching offers, he looks forward to getting started.

    “And I hope to be inspired by my students just as much as I hope to inspire them,” Taylor said.

    Martindill offered one more piece of advice — one that’s not restricted to new teachers. When a lesson plan bombs, when technology fails, when students prove challenging, “Always be kind, and always smile to the children. Even when you’re having a bad day, it makes you have a better day.”

    Get breaking news and daily headlines delivered to your email inbox by signing up here.

    © 2025 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

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    Kate Ryan

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  • Dogecoin Coils Up: Triangle Break Could Spark 40% Move, Analyst Says

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    An analyst has pointed out how Dogecoin is consolidating within a triangle pattern that could set up a 40% move for the memecoin’s price.

    Dogecoin Is Trading Inside A Symmetrical Triangle Pattern

    In a new post on X, analyst Ali Martinez has talked about what the triangle that Dogecoin’s 12-hour price is trading inside right now could foreshadow for it. A triangle is a consolidation channel in technical analysis (TA) that forms whenever the price of an asset trades between two converging trendlines.

    The upper line of the pattern is likely to be a source of resistance, while the lower one that of support. If the price manages to break past either of these boundaries, it may see a sustained trend in the direction of the break.

    Triangles can be of a few different types, but the one that’s of interest here is the Symmetrical Triangle. This variant appears when the trendlines involved are approaching each other at a roughly equal and opposite angle. In other words, the Symmetrical Triangle corresponds to a period of consolidation in a range that tightens with time in an exactly sideways manner.

    Now, here is the chart shared by Martinez that shows the pattern that the 12-hour price of Dogecoin has been stuck inside for the past month or so:

    As displayed in the above graph, Dogecoin found rejection at the upper level of the Symmetrical Triangle a few days back and has since declined toward its midway point.

    Generally, triangle breakouts become more likely to happen the closer the price gets to the apex of the pattern. From the chart, it’s visible that DOGE’s 12-hour price is already a decent way into the triangle, meaning that a breakout may be turning increasingly probable.

    Based on the pattern, the analyst believes the coin is preparing for a 40% move. But which direction will this move occur in? Well, in a Symmetrical Triangle, a breakout is usually equally likely to occur in either direction, since the pattern involves no bias.

    On top of that, the memecoin is currently also an equal distance away from either trendline, so it’s hard to say which one it will retest next. As such, it only remains to be seen which way Dogecoin will escape the Symmetrical Triangle from and whether any large move will follow.

    In another X post, Martinez has also discussed about a triangle pattern forming in another altcoin, Worldcoin (WLD).

    Worldcoin Triangle

    As is apparent from the above chart, Worldcoin has just slipped under the lower level of this triangle. “Worldcoin $WLD breakout from triangle formation points toward $0.50!” notes the analyst.

    DOGE Price

    At the time of writing, Dogecoin is trading around $0.21, down more than 3% over the past week.

    Dogecoin Price Chart

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    Keshav Verma

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  • Healthcare Leaders Sound Alarm: 93% Concerned About ACA Rollbacks, Rising Costs, Workforce Instability, and Regulatory Shifts Under Trump Administration’s Policy Changes, Black Book Reports

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    Black Book Research today released findings from six exclusive surveys conducted between January 22 and April 27. 2025, capturing the concerns of 1,664 healthcare leaders across hospitals, health systems, payers, and more.

    These leaders provide a clear view of the far-reaching effects of early policy decisions in President Trump’s second term, revealing rising costs, workforce instability, and access to care disruptions.

    The findings highlight how federal policy shifts are impacting the healthcare sector, with a focus on cost-containment measures, the rollback of Affordable Care Act (ACA) provisions, Medicaid funding cuts, and workforce layoffs. The surveys show the significant strain these changes are placing on healthcare organizations, and the long-term risks they pose for patients.

    Cost-Driven Actions: Providers Face Financial Strain and Operational Challenges

    The Trump administration’s cost-containment policies are having an immediate and wide-reaching impact on healthcare organizations across the U.S.

    Emergency Budget Recalibration:
    83% of healthcare leaders report entering “emergency budget recalibration mode,” with nearly half of all organizations slashing capital project budgets by up to 30% in response to rising tariffs on medical imports and sweeping federal budget cuts.

    Agency Layoffs and Program Cuts:
    The elimination of an estimated 20,000 federal positions, including staff at the CDC, NIH, and FDA, has led to the abrupt cancellation of critical programs, such as grants for HIV research, autism, chronic disease, teen pregnancy, and substance abuse prevention.

    ACA and Medicaid Rollbacks:
    93% of healthcare leaders are deeply concerned about the rollback of ACA support, especially the reduction of navigator funding and the rescinding of extended enrollment periods. These changes could result in the loss of coverage for between 750,000 and 2 million Americans, with the most severe impact in Southern and rural states.

    Medicaid Funding Threatened:
    The administration’s proposed $880 billion cut to Medicaid over 10 years is seen as a direct threat to expanded coverage, particularly for low-income and pediatric populations. Experts warn these cuts could lead to hospital closures, staffing shortages, and a surge in uncompensated care.

    Cultural Shifts and Executive Power Moves: Rewriting the Ethos of U.S. Healthcare

    The Trump administration’s policy shifts are not only financial but also aim to reshape the cultural and regulatory landscape of U.S. healthcare.

    Withdrawal from Global Health Leadership:
    94% of healthcare leaders are alarmed by the U.S. withdrawal from the World Health Organization (WHO) and the scaling back of USAID’s global health programs. This raises concerns about the nation’s ability to respond to future public health threats and its diminishing role in international healthcare leadership.

    DEI and Health Equity Rollbacks:
    88% of respondents express concern over the elimination of federal advisory groups focused on health equity and the rollback of diversity, equity, and inclusion (DEI) initiatives. Many fear that these actions will undermine culturally competent care and exacerbate health disparities.

    Executive Orders and Regulatory Uncertainty:
    80% of survey participants reported that the flurry of over 100 executive orders-many issued in the first weeks of the administration-has created significant regulatory uncertainty, making it difficult for healthcare leaders to plan for the future.

    Provocative Policy Concerns: Undiscussed Shifts with Potential Long-Term Impacts

    In addition to the major policy shifts, the Black Book Research survey also identifies other potentially disruptive policy changes that have yet to be fully discussed in mainstream discourse.

    Surprise Billing Protections and Regulatory Overhaul:
    Adjustments to surprise billing protections could favor larger insurance companies, leaving smaller providers to absorb the costs of out-of-network care and manage complex billing disputes.

    Medicaid Work Requirements and Block Grants:
    Stricter Medicaid work requirements could lead to instability in coverage for vulnerable populations. Furthermore, the proposal for Medicaid block grants could destabilize care in states that heavily rely on federal Medicaid funding, potentially leading to closures and staffing shortages.

    Public Option Proposals and Competition with Private Insurers:
    The introduction of a public option could lower premiums but create significant price pressure on private payers and provider contracts. This could financially strain hospitals and health systems that rely on higher reimbursement rates from private insurers.

    Mandatory Drug Price Negotiations and Research Cuts:
    While federal drug price negotiations aim to reduce costs, they could reduce pharmaceutical companies’ revenues, curbing investments in research and development of new treatments. This could have a ripple effect on hospital formulary practices and drug pricing.

    Telemedicine Regulatory Shifts:
    Ongoing regulatory discussions about telemedicine licensure and reimbursement parity could create uncertainty for providers and payers, especially regarding cross-state licensure and the scope of Medicare coverage for remote services.

    Consequences: Immediate and Long-Term Risks for Providers and Patients

    The survey reveals that healthcare leaders foresee significant risks stemming from the Trump administration’s policy changes:

    Rising Costs and Delayed Care:
    91% of payer executives predict double-digit premium hikes, while 94% of provider IT leaders have delayed digital transformation projects. As coverage declines, patients face higher out-of-pocket costs, leading to delayed diagnoses, avoidable complications, and an increase in uncompensated care.

    Operational Disruption:
    45% of healthcare organizations have formed crisis response teams to manage the economic shock, with many renegotiating vendor contracts or seeking alternative supply chains to mitigate the impact of tariffs.

    Erosion of Public Trust:
    67% of leaders believe the rollback of health equity and DEI initiatives, along with the removal of LGBTQ+ content from federal resources, is damaging to public trust and the perceived legitimacy of federal health agencies.

    Workforce Instability:
    Federal layoffs have exacerbated concerns about unemployment, particularly in underserved communities, further reducing access to care.

    Healthcare Leaders’ Priorities and Recommendations

    The Black Book Research survey highlights key priorities among healthcare leaders:

    Safeguard Coverage:
    81% of healthcare leaders favor a balanced approach that preserves access to care while maintaining program integrity. Respondents emphasize the need for policymakers to protect Medicaid funding, maintain or expand ACA subsidies, and extend enrollment periods for vulnerable populations.

    Promote Transparency and Stability:
    Healthcare leaders call for greater transparency in federal decision-making and more consistent communication to reduce uncertainty and support long-term planning.

    Invest in Innovation and Equity:
    Despite ongoing cost pressures, healthcare leaders stress the continued importance of investing in medical research, digital health, and culturally competent care to address the evolving needs of diverse patient populations.

    “These policy changes are creating significant challenges for healthcare systems. Operations are under strain, capital projects are delayed, and sourcing is disrupted. At the same time, patient affordability is becoming more uncertain. The next few months will be a critical period for healthcare organizations as they adapt to these shifts while maintaining care delivery. Healthcare leaders are focused on protecting coverage, ensuring stability, and navigating a rapidly changing landscape as they face these new policy dynamics,” said Doug Brown, Founder of Black Book Research

    About Black Book

    Black Book Market Research is committed to delivering independent, data-driven insights to the healthcare industry, grounded in verified client experiences and globally recognized research standards. We maintain neutrality by refraining from offering consulting services, performance improvement programs, or acting as intermediaries between IT buyers and vendors. This ensures that our rankings, reports, and recognitions remain free from commercial bias. Our mission is built on trust, transparency, and the belief that healthcare decisions deserve to be guided by real experiences-not commercial influence. Read more on Linkedin: https://www.linkedin.com/company/blackbookmarketresearchllc/ X: https://x.com/blackbookpolls Download gratis 2025 Black Book Reports at https://blackbookmarketresearch.com/ Media Contact: research@blackbookmarketresearch.com 800.863.7590

    Contact Information

    Press Office
    research@blackbookmarketresearch.com
    8008637590

    Source: Black Book Research

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  • ACA Enrollees Face Growing Coverage Crisis: Black Book Survey Signals Rising Fears Amid Economic Instability and Proposed Healthcare Rollbacks

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    A national survey by Black Book Research indicates significant concerns and widespread opposition among Affordable Care Act (ACA) enrollees toward proposed healthcare policy changes under the current administration. Conducted between March 5 and April 20, 2025, the survey gathered insights from 1,000 ACA participants across 28 states (as of the 2025 plan year, these states utilize the Federally Facilitated Marketplace, accessing health insurance plans through HealthCare.gov) highlighting critical priorities and fears among American healthcare consumers.

    Currently, approximately 24.2 million Americans rely on ACA Marketplace plans which is a historic enrollment peak largely driven by enhanced subsidies introduced by the American Rescue Plan Act (2021) and extended through 2025 by the Inflation Reduction Act. In total, over 45 million Americans depend on ACA-related coverage, including Medicaid expansion.

    ACA enrollment is particularly substantial in traditionally Republican states, demonstrating the program’s bipartisan appeal. Seven of the top ten ACA-enrolled states-Florida, Texas, Georgia, North Carolina, South Carolina, Tennessee, and Ohio-lean Republican and have experienced significant growth since 2020 due to improved affordability from federal subsidies.

    As of April 2025, ten U.S. states have not expanded Medicaid under the Affordable Care Act (ACA): Alabama, Florida, Georgia, Kansas, Mississippi, South Carolina, Tennessee, Texas, Wisconsin, and Wyoming. In these non-expansion states, many low-income adults fall into the “coverage gap,” earning too much to qualify for traditional Medicaid but not enough to afford private insurance or qualify for ACA subsidies. The enhanced subsidies introduced through the American Rescue Plan and extended by the Inflation Reduction Act have made ACA Marketplace plans particularly attractive in these regions, leading to significant enrollment growth.

    States with remarkable ACA enrollment growth since 2020 include:

    Texas: Enrollment surged by 255%, the nation’s highest increase.

    Mississippi: Enrollment rose by 242%.

    West Virginia and Louisiana: Each state experienced a 234% rise.

    Georgia: Enrollment grew by 227%.

    Tennessee: ACA sign-ups increased by 221%.

    Key Survey Insights:

    Awareness and Communication Gaps: Only 18% of respondents were aware of the proposed ACA changes upon receipt of this polling request, while 82% remained unaware, indicating critical communication shortfalls. Notably, the current administration has proposed a series of changes to ACA that could significantly impact how Americans access health insurance. The annual open enrollment period would be shortened to just 45 days, from November 1 to December 15, making it harder for some individuals to sign up for coverage. The administration also plans to end the monthly enrollment option for low-income individuals earning up to 150% of the federal poverty level, a move that could limit access to affordable insurance for many vulnerable populations. To tighten oversight, the proposal would require that at least 75% of new special enrollment applications be verified for eligibility, aiming to reduce improper enrollments. Additionally, the proposed rule would allow insurance plans to exclude coverage for gender-affirming care starting in 2026 by removing it from the list of essential health benefits. Another major change would restrict ACA coverage eligibility for Deferred Action for Childhood Arrivals (DACA) recipients, known as “Dreamers,” reversing previous efforts to expand access. Together, these proposed changes reflect a broader effort to reduce federal involvement in healthcare while raising concerns about how the most vulnerable populations might be affected.

    Concerns About Coverage Loss: An overwhelming 93% expressed serious concerns about potentially losing ACA coverage. The Trump administration’s proposed changes to the Affordable Care Act (ACA) could result in an estimated 750,000 to 2 million people losing their health coverage if the rule is finalized. According to the Centers for Medicare & Medicaid Services (CMS), the coverage losses would be most concentrated in states like Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, Texas, and Utah, although reductions are expected nationwide.While these measures are intended to reduce improper enrollments and promote program integrity, they could also disproportionately impact low-income individuals and vulnerable populations who currently rely on the flexibility and protections provided by the ACA.

    Financial Stress and Potential Coverage Loss: 90% indicated premium increases would severely impact their finances. 59% reported they would likely discontinue their health insurance if premiums significantly increased. A notable 67% of respondents cited a threat of increased unemployment, specifically recent layoffs of federal workers from agencies such as the Department of Health and Human Services (HHS) and the Centers for Medicare & Medicaid Services (CMS), as substantially exacerbating their concerns about healthcare access and affordability.

    Strong Opposition to ACA Changes: Only 9% supported the proposed ACA modifications, while 78% opposed the changes, citing affordability and coverage concerns. Surveys indicate that a substantial majority of Americans value programs like Medicaid, with 98% acknowledging its importance to their local communities and 86% considering it significant for their families. Even among Republican voters, including those who supported President Trump in 2024, there is notable support for maintaining or increasing Medicaid funding, reflecting the program’s widespread reach and significance.

    Respondents’ Preferred Solutions: 68% favored expanding subsidies for ACA affordability. 33% supported introducing a public healthcare option. 20% suggested strengthening Medicaid expansion for low-income individuals. Given this landscape, the public is likely to endorse policy recommendations that focus on enhancing healthcare affordability and access without imposing stringent restrictions. Suggestions include extending open enrollment periods to provide more flexibility, maintaining continuous enrollment options for low-income individuals, and ensuring coverage for essential health benefits, including preventive and gender-affirming care.

    There is strong public support for measures that address fraud and inefficiencies within the system, provided they do not compromise access to necessary services. Overall, 81% of the surveyed public favors a balanced approach that safeguards healthcare access while promoting program integrity.

    Methodology

    The survey employed rigorous methodology, utilizing stratified sampling to reflect diverse demographics including age, income, and geography. Data was collected via email and online platforms via a third party panel supported sample, achieving demographic accuracy with a 95% confidence level and a ±3% margin of error.

    “These findings reveal a deep and growing anxiety among ACA enrollees about the potential loss of critical healthcare protections, particularly as political uncertainty intensifies,” stated Doug Brown, founder of Black Book Research. “Respondents’ strong opposition to potential rollbacks sends a clear signal: there is diminishing public patience for political maneuvering that risks healthcare affordability and access. The survey responses highlight the urgent need for policymakers to engage in transparent, consistent communication and prioritize actionable solutions, especially as economic pressures and unemployment fears escalate.”

    About Black Book Research

    Black Book Research is an independent market research firm specializing in healthcare, technology and public opinion. Committed to delivering unbiased and insightful data, Black Book Research enables policymakers and organizations to make informed decisions that enhance healthcare outcomes and accessibility nationwide. Contact research@blackbookmarketresearch.com

    Source: Black Book Research

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  • If Dogecoin Breaks Above Key Resistance ‘We Could See A 25% Rally’ – Top Analyst

    If Dogecoin Breaks Above Key Resistance ‘We Could See A 25% Rally’ – Top Analyst

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    Dogecoin (DOGE) has been trading below a key resistance level at $0.143 since October 19, and anticipation is building among investors who believe a breakout may be imminent. The popular memecoin has remained relatively steady, yet this critical level has prevented DOGE from moving significantly higher. 

    Top analyst and investor Ali Martinez recently shared a technical analysis on X, highlighting the potential for a strong rally once DOGE clears this barrier. According to Martinez, a break above the $0.143 mark could trigger a rapid 25% rally, propelling Dogecoin to fresh highs.

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    As market sentiment appears cautiously optimistic, all eyes are on Dogecoin’s performance in the coming days. Investors and traders are watching closely, expecting a decisive move that could set the stage for Dogecoin’s next trend. With the entire crypto market poised for potential shifts, it could be crucial for DOGE to regain momentum

    The outcome of this resistance test will likely play a key role in shaping Dogecoin’s path forward, especially if it ignites renewed interest and buying pressure across the market.

    Dogecoin Price Starting To Rise

    Dogecoin is showing renewed strength following a week marked by volatile price action, which included a pullback from a recent local high at $0.149. Now trading near a key resistance level at $0.143, Dogecoin is capturing attention across the market. 

    Prominent analyst Ali Martinez shared a detailed technical analysis on X, suggesting that if DOGE successfully breaks through this resistance, it could trigger a notable 25% rally, pushing the price up to the $0.175 mark. According to Martinez, the $0.143 threshold is crucial for Dogecoin’s short-term trajectory, acting as a potential launchpad for further gains.

    Dogecoin could see a 25% rally up to $0.175 | Source: Ali Martinez on X

    Currently, Dogecoin is testing this pivotal level, and market sentiment is growing optimistic about a breakout, especially as other assets signal readiness for upward movement. The next few days will be critical, with analysts expecting potential bullish momentum across the crypto market that could support DOGE in surging higher.

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    However, should Dogecoin fail to surpass the $0.143 resistance, a period of retracement would likely be necessary to locate lower demand and restore liquidity for the next leg up. A pullback to gather momentum could provide the foundation needed to reattempt a breakout, positioning DOGE for further gains once market conditions align. As Dogecoin teeters on this critical threshold, it’s clear that the outcome of this resistance test will be instrumental in setting the tone for its price action in the near term.

    DOGE Technical Levels To Watch

    DOGE is trading at $0.143 after a minor rally from recent lows at $0.127. This level has proven to be a significant resistance point, as DOGE faces challenges in breaking above it. The overall market is signaling potential upward momentum, but for DOGE to maintain its bullish trajectory, it must decisively break past this $0.143 threshold in the coming hours. Successfully doing so would solidify support for a continued rally, potentially driving the price higher in the short term.

    DOGE testing $0.143 resistance
    DOGE testing $0.143 resistance | Source: DOGEUSDT chart on TradingView

    However, a retracement would likely be necessary if Dogecoin struggles to hold above this resistance. In this case, a dip to a lower demand level around $0.12 could provide the necessary liquidity to reignite buying interest and gather momentum for a subsequent push. This demand zone has previously acted as strong support and could be the fuel DOGE needs to sustain its bullish outlook.

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    As Dogecoin tests these critical levels, traders closely monitor its movements to gauge whether it can break through resistance or if a temporary pullback is on the horizon.

    Featured image from Dall-E, chart from TradingView

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    Sebastian Villafuerte

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  • Dogecoin Breaks Away With 9% Surge: Why This Could Trouble Bitcoin

    Dogecoin Breaks Away With 9% Surge: Why This Could Trouble Bitcoin

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    Dogecoin has broken away from the rest of the market with a 9% surge. Here’s why this could be bad for Bitcoin, according to history.

    Dogecoin Has Registered A 9% Jump During Last 24 Hours

    While most of the cryptocurrency market has seen sideways price action during the past day, Dogecoin has shown to be different as its value has witnessed a notable increase.

    The below chart shows the trend in DOGE’s price over the past month.

    From the graph, it’s visible that the Dogecoin price has claimed the $0.134 mark with this rally and has surpassed the high from last month. The memecoin is now close to the July top, so if this run continues, the memecoin can potentially have a go at it as well.

    In terms of the weekly returns, the latest jump has meant that DOGE is now up more than 24%, which has made it the best performer among the top 50 coins by market cap.

    Dogecoin isn’t the only memecoin that has been rallying; the asset’s cousin Shiba Inu (SHIB) has also enjoyed bullish momentum during the past day, although its jump of 5% is less impressive than DOGE’s.

    This latest focus on meme coins may not be the best sign for the cryptocurrency sector as a whole.

    Market Topped Out The Last Time Memecoins Got The Attention

    According to data from the analytics firm Santiment, the Social Dominance of the memecoins had spiked during the recent Bitcoin top above the $68,000 level. The “Social Dominance” here refers to an indicator that keeps track of the percentage of the discussions related to the top 100 coins on social media that a given coin or group of assets is occupying right now.

    Here is a chart that shows how the Social Dominance of the top 6 layer 1 assets has compared with that of the top 6 meme coins recently:

    Dogecoin Social Dominance

    As displayed in the above graph, the Social Dominance of the memecoins had shot up earlier as Bitcoin and others had rallied, suggesting that investors had started paying attention to these speculative assets.

    This interest in the meme coins, though, ended up coinciding with the market top. “Typically, markets correct when focus shifts away from layer 1’s and toward more speculative assets due to greed,” explains the analytics firm.

    With Dogecoin and Shiba Inu pulling away from the pack during the past day, it seems the investor greed is still high, which can potentially lead to more bearish action for Bitcoin and other top assets.

    From the chart, it’s visible that the market has tended to reach bottoms when attention has shifted back to the layer 1 networks, so it’s possible that this may have to happen again if the sector-wide run has to continue.

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    Keshav Verma

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  • Dogecoin Large Transactions On The Rise — Can This Fuel DOGE Price Recovery?

    Dogecoin Large Transactions On The Rise — Can This Fuel DOGE Price Recovery?

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    Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

    Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part – in fact, far from it.

    Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

    When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

    Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books – ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
    Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

    Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

    Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time – he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

    Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon – cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment – spreading the crypto gospel to the rest of the world.

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    Opeyemi Sule

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  • Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First?

    Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First?

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    After a long stretch of muted price action, Dogecoin has finally entered a position where it could be gearing up for a surge. With major developments such as an increase in participation from both small and large investors, as well as indicators turning bullish, the DOGE price looks primed for a major recovery. However, there could be a small roadblock for the meme coin when it comes to achieving this uptrend as one analyst has pointed out the possibility of a further crash from here.

    A Crash Or A Surge For DOGE?

    Crypto analyst Ali Martinez has presented a forecast for the Dogecoin price with mixed signals for the future. The analysis focuses on both the bullish and bearish possibilities for the meme coin as it continues to trade in a trading range. Both of these scenarios are possible, with the Stochastic RSI may win out this time.

    According to the analysis, the Stochastic RSI has made a bearish crossover for the Dogecoin price. This bearish crossover suggests that there is a price crash coming for the altcoin. In this case, the DOGE price could be falling below $0.1 again. Not only this, but Dogecoin may lose around 15% of its value if this bearish scenario were to play out. This could see the DOGE price fall as low as $0.087 in the worst case scenario.

    On the flip side, the Dogecoin price is also showing some bullish tendencies, as the crypto analyst points out. The price is apparently “flirting with a bullish breakout,” which could be significant if it plays out. In this case, the bullish breakout could see the meme coin’s price rise as high as $0.16 and that would mean a 45% breakout from the current price.

    Dogecoin Looking For A Breakout

    The crypto analyst has previously presented bullish scenarios for the Dogecoin price but chalked it up to two key signals. The first of which is the RSI actually making a successful break out of the descending trending on the daily chart. Second of these is a break above the $0.11 resistance on the chart.

    One of these signals had been triggered, with the RSI breaking the descending trendline. However, that has since changed as the Stochastic RSI has actually turned bearish in the meantime. The DOGE price is still trending below $0.1, suggesting that bears are still well in control of the price.

    These developments show more potential for the Dogecoin price to actually crash from here before a recovery. But in the event of a market-wide recovery, DOGE could end up following the uptrend regardless.

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    Scott Matherson

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  • Dogecoin To The Moon? Crypto Analyst Predicts 440% Price Rally

    Dogecoin To The Moon? Crypto Analyst Predicts 440% Price Rally

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    In a recent technical analysis by popular crypto analyst Big Mike (@Michael_EWpro), the likelihood of a substantial rise in Dogecoin (DOGE) has been spotlighted. Employing a blend of Elliott Wave theory, Fibonacci retracement levels, and crucial indicators such as the RSI and MACD, the analysis presents a bullish scenario that could greatly influence Dogecoin’s market stance.

    Why Dogecoin Could Skyrocket By 440%

    The three-day chart for Dogecoin, as traded on Binance, exhibits a complex structure that suggests the application of Elliott Wave theory, which is essential in predicting price movements based on investor psychology and momentum. The chart indicates the end of a corrective phase and the start of a potential strong bullish trend.

    Dogecoin price analysis | Source: X @Michael_EWpro

    The Elliott Wave pattern on the chart pinpoints several crucial phases. Wave 1 began at a base level below $0.08, marking the onset of bullish momentum and peaked at $0.2196.

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    Following this, the chart shows a corrective phase characterized by an A-B-C pattern. This pattern is key in Elliott Wave theory, representing a market correction after an initial price surge. Here, Wave A starts the correction with a downturn to $0.1189, followed by a slight upward retracement in Wave B to $0.17, and then a more significant decline in Wave C, setting the stage for the completion of Wave 2.

    This corrective phase is vital as it sets up the foundation for the anticipated bullish Wave 3. However, Big Mike predicts wave 2 could push the Dogecoin price down to $0.1032 (which represents the peak of a superior wave 1) before the onset of wave 3.

    The Fibonacci retracement tool is employed to identify potential future support or resistance levels. In this analysis, the 0.618 Fibonacci level at $0.2196 is particularly significant as it marks the peak of wave 1 and a strong resistance point that could influence future price reversals.

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    The analysis also identifies potential long-term resistance levels at 1, 1.414, and 1.618 Fibonacci extensions, priced at $0.3208, $0.4839, and $0.5925 respectively. These levels could play crucial roles if the bullish Wave 3 unfolds as anticipated.

    Historically, the third wave in Elliott Wave theory is often the most dynamic and extensive, indicating substantial bullish potential for DOGE. This wave aims to challenge and possibly surpass long-term resistance levels. Big Mike speculates that wave 3 could reach near the 1.414 Fibonacci extension level.

    A potential Wave 4 might see a pullback to $0.3208 (1.0 Fibonacci level), while Wave 5 could drive the Dogecoin price to $0.6723, representing a 440% increase from current levels. Notably, this is also the peak for the superior wave 3.

    The Relative Strength Index (RSI), currently below 50, suggests a neutral stance for DOGE, indicating potential for upward movement as market sentiment shifts towards buying. The Moving Average Convergence Divergence (MACD) is nearing a bullish crossover, often signaling increased bullish momentum. This indicator is pivotal as it may validate the onset of the strong upward trend projected.

    At press time, DOGE traded at $0.1248.

    Dogecoin price
    DOGE needs to reclaim the 200-day EMA, 1-day chart | Source: DOGEUSD on TradingView.com

    Featured image created with DALL·E, chart from TradingView.com

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    Jake Simmons

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  • Dogecoin Whales Buy $112 Million Worth Of DOGE

    Dogecoin Whales Buy $112 Million Worth Of DOGE

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    Dogecoin (DOGE) has come under the spotlight, with crypto investors looking to have turned their attention to the foremost meme coin. This development is expected to positively impact the meme coin, which has lagged for a while now. 

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    Dogecoin Whales Accumulate 700 Million DOGE

    Crypto analyst Ali Martinez revealed in an X (formerly Twitter) post that DOGE whales have bought over 700 million DOGE ($112 million) in the past 72 hours. This forms part of the current trend with crypto investors turning their attention to meme coins. 

    Trading firm QCP Capital confirmed this trend in a recent market update, stating that traders are “shifting their focus to higher beta meme tokens like Shiba Inu (SHIBA), Dogecoin (DOGE), and Pepe (PEPE). The trading firm also claimed that these meme coins are “polling in the top 10 for open interest” with Shiba Inu and Pepe recording double-digit gains these past few days. 

    These investors are also believed to have accumulated DOGE in anticipation of imminent price gains for the foremost meme coin. Dogecoin has lagged compared to the top meme coins, which have made significant runs in the last seven days. This suggests that the meme coin will likely make a run of its own soon enough. 

    Dogecoin is currently trading at $0.15. Chart: TradingView

    Crypto expert Michael van de Poppe labeled Dogecoin as the “safe bet to have in this cycle” while noting that the “meme coin fiesta” is still on with tokens like Dogwifhat. BONK, FLOKI, and Book of Meme (BOME) “waking up intensively.” Van de Poppe further claimed that Dogecoin is the “easiest play of them all” even though it isn’t moving yet. 

    In a more recent X post, Van de Poppe again claimed that Dogecoin “is such an easy play.” he predicted that the meme coin would record a massive breakout and might reach $1 in this market cycle. 

    In a recent X post, Martinez also suggested that a parabolic surge was on the horizon for Dogecoin. He stated that the market sentiment for Dogecoin is as bearish as it was in early February, just before the meme coin’s price surged by 200%. 

    Why Dogecoin Is One Of The ‘Lowest Risk Trades’ 

    Crypto analyst Altcoin Sherpa mentioned that Dogecoin’s rise to $0.40 is “one of the lowest risk trades this cycle.” The analyst outlined reasons why they hold this belief. Firstly, Altcoin Sherpa stated that retail investors will eventually accumulate as much Dogecoin as they can, which will cause it to experience such price surge. 

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    Secondly, the analyst made reference to the world’s richest man, Elon Musk, and his fondness for the meme coin and stated that “all it takes is one retarded Elon tweet to blow it (Dogecoin) up.” The analyst added that Dogecoin has “great liquidity/low downside relative to other memes.”

    Featured image from Getty Images, chart from TradingView

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    Scott Matherson

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