Dogecoin worth has just lately skilled a 3.16% drop to $0.102, following every week of 17.8% losses. This decline comes amid a risk-off shift within the cryptocurrency market after the announcement of SpaceX’s Dogecoin-funded mission launch in 2027. The value motion has been restricted inside a downward channel, with constant low highs because the finish of 2025.
Dogecoin worth has been testing the help at $0.10 after falling below $0.11, momentarily hitting the help at $0.108, and stalling. The general crypto market worth fell by 3.89% as properly, with Bitcoin worth approaching the $70k mark, all including to the overall downward development.
Elon Musk’s SpaceX Revives Dogecoin Moon Mission for 2027.
Elon Musk has reignited the potential of sending Dogecoin to the moon, a mission SpaceX is planning for 2027. This aim mission, referred to as DOGE-1, was initially deliberate in 2021 however started to expertise delays, shifting the schedule to mid-2026.
In a modern touch upon a social media platform X, Musk answered a query of one in every of his followers in regards to the mission with a nonchalant reply that he shall be doing it subsequent yr, which is speculative of the way forward for the mission.
Despite the hype of the mission, the market worth of Dogecoin was not impacted, and the cryptocurrency retains falling.
Musk, who’s the chief of SpaceX, Tesla, and X, additionally made some statements of the long run route of his firm, corresponding to IPO later this yr. Moreover, he confirmed the acquisition of his AI firm, xAI, by SpaceX.
When @elonmusk ? pic.twitter.com/Ugc6Dcl7xe
— Tesla Homeowners Silicon Valley (@teslaownersSV) February 3, 2026
DOGE-1 mission could also be a really massive bounce to Dogecoin because it demonstrates its use outdoors the orbit of the Earth. The mission will deal with placing the meme cryptocurrency in area, and the final vacation spot would be the moon.
Dogecoin Worth Prediction: Is DOGE Set for a Reversal or Additional Decline?
The most recent DOGE worth crashed to $0.10379 on February 4, 2026, exhibiting a decline of 0.36% within the final 24 hours.
The main help space is within the vary of $0.10. In case the DOGE worth stays beneath this degree, then it may be supported at different ranges at $0.09.
On the constructive aspect, the resistance is noticed at $0.12, which has been a serious impediment to the meme cash.
If the Dogecoin long-term prediction manages to interrupt by means of this degree, it may sign a reversal.
The MACD indicator is now indicating detrimental momentum, and the road is beneath the sign, which reveals a bearish motion within the brief run. Within the meantime, the RSI (Relative Energy Index) seems at 40.08, barely past the oversold space.
