The post Dogecoin Team Responds to Musk’s Moon Confirmation appeared on BitcoinEthereumNews.com. The crypto space buzzed this week after Elon Musk reignited oneThe post Dogecoin Team Responds to Musk’s Moon Confirmation appeared on BitcoinEthereumNews.com. The crypto space buzzed this week after Elon Musk reignited one

Dogecoin Team Responds to Musk’s Moon Confirmation

2 min read

The crypto space buzzed this week after Elon Musk reignited one of his oldest promises. A short exchange on X has sent waves through the Dogecoin community. The Tesla and SpaceX chief confirmed that putting Dogecoin on the moon remains firmly on the table. 

As previously reported, the Tesla Owners Silicon Valley account pulled up a 2021 tweet from Musk. That original post teased the idea of SpaceX sending a physical Dogecoin to the moon. The account tagged Musk directly, asking, “When?” His reply was measured but clear. He wrote, “Maybe next year.” 

The X Exchange That Reignited the Meme Coin Rally

The official Dogecoin account on X was quick to respond. It posted “Such Rocket” alongside an image of a Shiba Inu displaying a look of surprise. The tone was playful. The message, however, carried real significance for the community.

Despite the optimism generated by Musk’s comments, Dogecoin’s price tells a more cautious story. The token hit a low of $0.094 on January 31. That drop came during a sharp weekend sell-off across the broader crypto market. Billions of dollars were wiped from derivatives positions during the same period. It was a brutal stretch for meme coins in particular.

A modest recovery followed in the days after. DOGE climbed back to $0.11 on February 2 before pulling back again. At the time of writing, the token was trading at approximately $0.1063. It was down 2.3% over the past 24 hours. The weekly picture remained weak, with a decline of nearly 14.58%.

The technical outlook presents two clear scenarios. If Dogecoin drops below the $0.10 support level, analysts point to $0.08 as the next likely target. On the other hand, a sustained break above $0.12 could open the door to a run toward $0.16. That level would represent a meaningful recovery from current prices. The market remains divided on which path is more probable in the short term.

Source: https://coinpaper.com/14258/the-official-doge-account-just-dropped-the-most-epic-response-to-musk-s-moon-tease

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
While Shiba Inu and Turbo Chase Price, 63% APY Staking Puts APEMARS at the Forefront of the Best Meme Coin Presale 2026 – Stage 6 Ends in 3 Days!

While Shiba Inu and Turbo Chase Price, 63% APY Staking Puts APEMARS at the Forefront of the Best Meme Coin Presale 2026 – Stage 6 Ends in 3 Days!

What if your meme coin investment could generate passive income without selling a single token? Shiba Inu climbed 4.97% as 207 billion tokens left exchanges. Turbo
Share
Coinstats2026/02/04 03:15
SUI Price Is Down 80%: Price Nears Level Bulls Cannot Afford to Lose

SUI Price Is Down 80%: Price Nears Level Bulls Cannot Afford to Lose

SUI price has quietly slipped into a zone that usually decides everything. Charts show an 80% drop from the peak, yet the market is no longer moving fast. This
Share
Captainaltcoin2026/02/04 03:00