Dogecoin Price Drop and Elon Musk's Continued Support

According to CoinMarketCap data, Dogecoin (DOGE) saw its price drop by 15.5% in a single day on July 5th. Market indicators suggest an oversold condition, hinting at a potential bullish recovery. Despite the price drop, Elon Musk remains optimistic, comparing DOGE to Bitcoin and enabling DOGE payments for Tesla merchandise. Musk's $258 billion racketeering lawsuit, however, presents a challenge as investors accuse him of manipulating DOGE prices