Elon Musk said SpaceX would post “maybe.” Dogecoin (CRYPTO: DOGE) on the literal moon next year, leading to an intraday rally on Tuesday, which reversed to see DOGE and Shiba Inu (CRYPTO: SHIB) dump about 5% on the day.
The Musk plague that didn’t work
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Musk replied “Maybe next year” and then confirmed “Yes” when another user said: “Doge on the moon is inevitable.”
However, the gains evaporated as broader crypto weakness dragged the meme coins down.
The moon mission likely refers to the DOGE-1 satellite mission, planned by Canadian research firm Geometric Energy Corporation, paid entirely with Dogecoin.
Originally scheduled to launch aboard a SpaceX Falcon 9 rocket in late 2023, the mission has suffered multiple delays. Geometric CEO Samuel Reid is now aiming for a launch in the second half of 2026.
DOGE technical malfunction
Dogecoin tests critical support at $0.10 – a psychological make-or-break point. A breakdown below is causing panic selling towards $0.08-$0.09.
The token is trading under all major EMAs: 20 EMA at $0.11988, 50 EMA at $0.13044, 100 EMA at $0.14650 and 200 EMA at $0.16834.
This creates a “death zone” of resistance layers that demarcates any rally attempt.
Adding to the pressure, a descending trendline crossing around $0.12-$0.13 continues to limit rallies. The parabolic SAR at $0.11916 confirms that the downtrend remains active.
For a real turnaround, DOGE needs to regain $0.13-$0.14 and break above the descending trendline.
SHIB faces worse damage
Shiba Inu is down 5% and is showing even more severe technical weakness than DOGE.
The Supertrend indicator is at $0.00000806 – about 23% above current prices – and is giving bearish signals.
The token is testing critical support around $0.000007, a level that has been tested multiple times and represents an important psychological deepening. ‘
If the $0.0000065-$0.000007 zone fails, the next significant support will not appear until $0.000005-$0.000006.
The descending trendline creates a double ceiling with the Supertrend resistance, making meaningful near-term recovery a challenge.
Any rebound will face immediate resistance at $0.00000754, followed by $0.00000806 at Supertrend level.
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