Dogecoin Value Dips 6% As Musk Revisits DOGE Moon Mission

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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 way of SpaceX’s DOGE-1 mission.

It’s time 😀
— Elon Musk (@elonmusk) November 3, 2025

Musk’s fascination with Dogecoin has continued through the years, together with his tweets repeatedly transferring its value.

He has repeatedly known as DOGE the individuals’s crypto, supporting the concept DOGE might turn out to be the foreign money of Mars.

Crypto ETFs Transfer Ahead Regardless of Regulatory Silence

In one other growth, 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 Trade 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 checklist 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 accordance with current filings.

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

If the ETFs launch efficiently, it might 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 Value Below Sustained Bearish Stress

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 help ranges.

The current Dogecoin value motion exhibits the token consolidating under vital resistance obstacles, signaling sustained bearish momentum within the broader market.

The decline started after DOGE failed to keep up help above $0.20, triggering a deeper correction that pushed the value 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 probability of a transfer towards the important help zone between $0.14 and $0.15, the place consumers beforehand managed to soak up heavy promoting stress.

In the meantime, the Relative Power 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 stress.

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.

Dogecoin Price Chart Analysis Source: GeckoTerminal — DOGE/USD Chart Evaluation Supply: GeckoTerminal

DOGE Value Faces Additional Draw back Threat

Primarily based on the present DOGE/USD technical outlook, the DOGE value stays below intense bearish stress within the quick time period.

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

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

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