Dogecoin Price Dips 6% As Musk Revisits DOGE Moon Mission

The Dogecoin value has plunged 6% within the final 24 hours to commerce at $0.1633 as of two:42 a.m. EST on buying and selling quantity that skyrocketed 115% to $3.5 billion.

This comes as Elon Musk renewed his DOGE moon mission vow after tweeting “It’s time” on X, recalling his 2021 promise to ship “a literal Dogecoin to the literal moon” by SpaceX’s DOGE-1 mission.

It’s time 😀

— Elon Musk (@elonmusk) November 3, 2025

Musk’s fascination with Dogecoin has continued over time, together with his tweets repeatedly shifting its value.

He has constantly referred to as DOGE the folks’s crypto, supporting the concept that DOGE may develop into the foreign money of Mars.

Crypto ETFs Transfer Ahead Regardless of Regulatory Silence

In one other improvement, Bitwise and Grayscale introduced administration charges for his or her upcoming XRP and Dogecoin ETFs (exchange-traded funds), regardless that they haven’t but acquired official approval from the US Securities and Trade Fee (SEC).

Bitwise and Grayscale are pushing forward to launch #Dogecoin ETFs with out SEC’s inexperienced gentle.

Revealing the administration payment of 0.35%. pic.twitter.com/Df09i9qnCM

— dogegod (@_dogegod_) November 4, 2025

The transfer to checklist their ETFs with out ready for SEC approval mirrors Grayscale’s latest transfer with its Solana ETF, which launched regardless of the dearth of a proper SEC sign-off.  

Grayscale plans a 0.35% payment for each its XRP and Dogecoin ETFs, in accordance with latest filings.

Curiously, the latest authorities shutdown and up to date regulatory processes have opened an sudden window for crypto companies to checklist ETFs with out dealing with the standard SEC procedural delays.

If the ETFs launch efficiently, it may mark a brand new period for digital asset funding within the US, giving crypto companies extra room to innovate regardless of ongoing regulatory uncertainty.

Dogecoin Value Below Sustained Bearish Strain

After making an attempt to reclaim the $0.30 vary earlier this 12 months, the DOGE value has entered a sustained downtrend, because it breaks down under key Fibonacci assist ranges.

The latest Dogecoin value motion exhibits the token consolidating under important resistance limitations, signaling sustained bearish momentum within the broader market.

The decline started after DOGE failed to keep up assist above $0.20, triggering a deeper correction that pushed the worth under each the 50-day and 200-day Easy Shifting Averages (SMAs).

Presently, the 50-day SMA sits round $0.2205, whereas the 200-day SMA is positioned at $0.2095. The place of the SMAs confirms that sellers stay in management.

DOGE is buying and selling close to $0.1633, hovering near the important thing Fibonacci retracement stage of 0.786 ($0.1714). A sustained shut under this stage will increase the chance of a transfer towards the important assist zone between $0.14 and $0.15, the place patrons beforehand managed to soak up heavy promoting strain.

In the meantime, the Relative Energy Index (RSI) on the every day chart stands round 31, signaling that DOGE is nearing oversold territory, because it continues to expertise constant bearish strain.

The Fibonacci retracement construction additional highlights that the subsequent potential resistance ranges lie close to $0.17, adopted by $0.205 and $0.22, all of which align with earlier breakdown zones and the overhead SMAs.

DOGE Value Faces Additional Draw back Danger

Based mostly on the present DOGE/USD technical outlook, the DOGE value stays below intense bearish strain within the quick time period.

With the RSI dropping inside the 30-oversold stage, sellers proceed to indicate their energy. In the meantime, the 50-day SMA is closing in on the 200-day SMA, and if it crosses under, they might type a dying cross, which could possibly be a touch of an incoming bearish pattern.

If the bearish momentum persists, Dogecoin may retest the $0.14 assist, implying a possible 13% decline from present ranges.

This comes as Ali Martinez, a preferred crypto analyst with over 161K followers on X, famous that whales offered over 1 billion DOGE tokens within the final week. 

Over 1 billion Dogecoin $DOGE offered by whales up to now week! pic.twitter.com/pjUwFAqtEM

— Ali (@ali_charts) November 4, 2025

Conversely, a rebound above $0.17 may set off a short-term restoration towards $0.20 (0.618 Fib stage).

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