Group 1 - Elon Musk indicated that SpaceX may launch Dogecoin to the moon next year, which initially caused a rally in DOGE but was followed by a decline [1][2] - The DOGE-1 satellite mission, funded entirely by Dogecoin, has faced delays, with the new target launch date set for the second half of 2026 [3] - The initial rally of DOGE was around 4%, outperforming Bitcoin and Ethereum before the gains were reversed due to broader crypto market weakness [2][3] Group 2 - Dogecoin is currently testing critical support at $0.10, a psychological level that, if broken, could lead to panic selling towards $0.08-$0.09 [6] - The token is trading below all key exponential moving averages (EMAs), indicating a "death zone" of resistance that limits any potential rally [6] - A descending trendline around $0.12-$0.13 continues to cap rallies, with the Parabolic SAR confirming an active downtrend [7] Group 3 - Shiba Inu has experienced a 5% decline, showing even greater technical weakness compared to Dogecoin [8] - The Supertrend indicator is signaling bearish conditions, with a level approximately 23% above current prices [9] - Shiba Inu is testing critical support around $0.000007, which has been a key psychological floor [10]
Elon Musk Teases DOGE Moon Mission, But Dogecoin And Shiba Inu Crash Anyway
Yahoo Finance·2026-02-06 04:31