Dogecoin has recently quietly reached a critical point, with the price repeatedly testing around $0.1 . Although it has not yet broken through, it has already made many veteran players restless.
The catalyst for this attention was the news of SpaceX's potential IPO . Elon Musk is both the founder of SpaceX and the most prominent "spokesperson" for Dogecoin; putting these two together immediately boosted market sentiment.
Before SpaceX's IPO has even been officially announced, Dogecoin has already made its move.
On March 26, as rumors of SpaceX's IPO spread on social media and financial media, Dogecoin briefly surged to $0.097 . Although it quickly fell back, this surge was not simply a "rumor-driven rally"; it was backed by real money.
As of press time, Dogecoin was priced around $0.0905 , down slightly by 0.61% in the last 24 hours. However, judging from the market activity, traders are clearly preparing for greater volatility.
If SpaceX's IPO goes ahead, it will be one of the most anticipated private company listings in recent years, potentially injecting a large amount of liquidity into the market and reigniting interest in speculative assets.
Dogecoin has always been a "vanguard" in this kind of environment; when retail investors get excited, Memecoin is always the one that runs the fastest.
Dogecoin's technical aspects are also quietly building momentum.
From a weekly perspective, Dogecoin has been trading sideways around $0.09 for several weeks without making a new low, indicating a significant decrease in selling pressure.
The RSI (Relative Strength Index) is currently close to 34, entering a historically common oversold zone . In the past, Dogecoin has seen a rebound whenever the RSI has reached this level.
Looking at the MACD indicator , although it is still in the negative zone, the bearish force is weakening, and the two lines are gradually narrowing, indicating that the buying pressure is slowly taking over, but it has not yet exerted its strength.
Overall, Dogecoin is currently in a typical "accumulation phase." Selling pressure is still present, but it is no longer dominant. As long as there is a clear catalyst, the price could break the deadlock at any time.
How do you identify key points?
$0.10 is currently the most important resistance level. If it can be broken with significant volume, the next target range is $0.105 to $0.12 , which is also a previous area of dense trading. Once it breaks through this level, the upside potential is expected to truly open up.
