Elon Musk’s xAI Takes Over X Amid Legal Controversy – Will DOGE Hit $0.170?

Elon Musk has sold X (formerly Twitter) to his artificial intelligence company, xAI, in an all-stock deal. The transaction values xAI at $80 billion and X at $33 billion. Musk announced that this move will merge AI technology with X’s massive user base. This could bring major changes to X’s future and its role in AI development. The deal comes amid a fraud lawsuit against Musk. Many are speculating how this could impact the DOGE Price Prediction. Musk has previously influenced DOGE price through his actions.

Musk’s xAI Acquires X: A Game-Changer or a Costly Gamble?

Musk announced that xAI has acquired X, calling it a major step toward integrating AI with real-time global data. He emphasized that X’s 600 million active users will now contribute to xAI’s AI advancements. He also stated that this combination would lead to smarter, more meaningful user experiences.

However, critics argue that the deal raises red flags. Adam Cochran tweeted:

In other words, Musk used his pumped up xAI stock to pay multiple times over value for X, but still take an $11B loss on the transaction, while screwing over xAI investors, and X investors and to sell your data to his own AI company.

Also Grok at $80B is an insanely dumb… https://t.co/LTN8A6GmRd

— Adam Cochran (adamscochran.eth) (@adamscochran) March 28, 2025

Cochran also questioned xAI’s $80B valuation, claiming that Grok – xAI’s AI model – does not justify such a high figure. Concerns over data privacy have also surfaced, as many believe X’s vast user data will now be used to train AI models. Meanwhile, reports from Reuters suggest that Musk financed the $45 billion acquisition using an all-stock deal, raising further concerns about financial risk.

This deal could also impact the DOGE Price. Musk has previously integrated Dogecoin into X’s payment ecosystem, and his AI projects could create new use cases for the meme coin. While Musk promotes this deal as a leap forward in AI, others see it as a financial gamble that could backfire. The coming months will reveal whether this acquisition strengthens Musk’s AI ambitions or creates new challenges.

DOGE Price Prediction for March 29

The trading day of March 28 started with an oversold RSI at 00:10 and 00:20 UTC, pushing the Price slightly down. A golden cross at 00:45 UTC hinted at an upward move. However, a death cross at 2:30 UTC triggered a downward trend. The RSI hit oversold at 4:40 UTC, and the price found support at $0.18335. At 6:50 UTC, another oversold RSI led to a breakdown, pushing the DOGE Price into a lower trading range. The price stayed in this zone despite a golden cross at 11:30 UTC. 

Chart 1, analyzed by ShwetaCW, published on TradingView, March 29, 2025

As illustrated in Chart 1, at 19:55 UTC, an oversold RSI caused minor fluctuations, followed by a golden cross at 21:20 UTC, suggesting an upward move. On March 29, a death cross at 00:50 UTC pushed the DOGE Price down. The RSI hit oversold at 3:05 UTC, and DOGE found support at $0.17510. A death cross at 9:00 UTC continued the decline. At 9:35 UTC, a potential breakdown formed, but confirmation is needed. If the downtrend continues, DOGE Price Prediction suggests a drop to $0.170. If it reverses, DOGE could re-enter the previous trading zone, where resistance is $0.18335 and support is $0.17510.

Musk’s xAI Deal Sparks Debate as DOGE Price Faces Key Levels

Elon Musk xAI acquisition of X has sparked debates. Some see innovation, while others worry about financial risks. DOGE Price reacted to market trends, showing volatility. A death cross and oversold RSI suggest a possible downtrend. If this continues, DOGE Price Prediction indicates a fall to $0.170. If momentum shifts, DOGE may re-enter its previous trading range. Resistance is $0.18335, and support is $0.17510. Investors should watch price movements closely. Musk’s AI push could impact DOGE’s future. The coming days will determine if this marks a major shift or just another price fluctuation.

The post Elon Musk’s xAI Takes Over X Amid Legal Controversy – Will DOGE Hit $0.170? appeared first on Coinfomania.