Dogecoin price is consolidating below $0.40, down 3% from last week's peak, as President Macron's allegations against Elon Musk raise concerns among traders. In response, DOGE traders opened $1.2 billion in new positions, pushing open interest above $4 billion, indicating potential volatility ahead. A sustained close above $0.41 could lead to a breakout toward $0.50, while failure to hold $0.40 may result in a pullback to $0.36.