Dogecoin Price Dips 6% As Musk Revisits DOGE Moon Mission

The Dogecoin worth 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 way of 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 worth.

He has constantly referred to as DOGE the folks’s crypto, supporting the concept DOGE may develop into the forex 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), although they haven’t but obtained official approval from the US Securities and Alternate Fee (SEC).

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

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

— dogegod (@_dogegod_) November 4, 2025

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

Grayscale plans a 0.35% price for each its XRP and Dogecoin ETFs, in response to current filings.

Curiously, the current authorities shutdown and up to date regulatory processes have opened an surprising window for crypto corporations to listing ETFs with out dealing with the same old SEC procedural delays.

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

Dogecoin Worth Below Sustained Bearish Strain

After making an attempt to reclaim the $0.30 vary earlier this yr, the DOGE worth has entered a sustained downtrend, because it breaks down beneath key Fibonacci help ranges.

The current Dogecoin worth motion reveals the token consolidating beneath vital resistance limitations, signaling sustained bearish momentum within the broader market.

The decline started after DOGE failed to take care of help above $0.20, triggering a deeper correction that pushed the value beneath each the 50-day and 200-day Easy Shifting Averages (SMAs).

At present, 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 degree of 0.786 ($0.1714). A sustained shut beneath this degree will increase the chance of a transfer towards the crucial help zone between $0.14 and $0.15, the place consumers beforehand managed to soak up heavy promoting strain.

In the meantime, the Relative Energy Index (RSI) on the day by 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 following 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 Worth Faces Additional Draw back Danger

Based mostly on the present DOGE/USD technical outlook, the DOGE worth stays beneath intense bearish strain within the brief time period.

With the RSI dropping inside the 30-oversold degree, 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 beneath, they’d type a loss of life cross, which may very well be a touch of an incoming bearish development.

If the bearish momentum persists, Dogecoin may retest the $0.14 help, 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 prior 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 degree).

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