Dogecoin price is pressing into a descending trendline that has capped every rally since late last year. This is happening with SpaceX IPO speculation accelerating as the most-awaited narrative for DOGE. Earlier this week, Dogecoin’s on-chain activity surged by 28%, tied directly to SpaceX IPO hype. Open interest has jumped from 2.4 billion to 3.7 billion DOGE, and critically, the latest push higher came with fresh positions being opened. Dogecoin open interest, WorldCoinIndex Reports of a SpaceX filing at a $75 billion valuation have added a distinctly Musk-flavored tailwind to the meme coin’s price action. BREAKING: Elon Musk has just officially confirmed that SpaceX will IPO in 2026 In short, SpaceX will use the money it raises in an IPO to move even faster: "It will take a lot of cash to design and build the satellites and launch the rockets to deploy data centers in space." https://t.co/bYRd3ocWGk pic.twitter.com/jn0RmlbZsg — Sawyer Merritt (@SawyerMerritt) December 11, 2025 Discover: The best crypto to diversify your portfolio with Can Dogecoin Price Break $0.13 This Month? DOGE is currently on a rally, having moved by 10% to $0.11 in the last 24 hours. On the 4-hour chart, higher lows have been stacking consistently over the past several weeks, culminating in a single big green candle today. The technical setup is cleaner than it looks at first glance. RSI is elevated with overbought warnings on the daily chart. Volume has ticked up compared to prior consolidation periods. The 100-period moving average sits below the current price, functioning as a dynamic support layer on any pullback. DOGE USD, TradingView If Doge can close above $0.115 today, it would open the $0.13 target, with room beyond if SpaceX IPO momentum compounds and a potential short squeeze. However, a drop back below $0.1 would likely invalidate the structure and reset the setup For those tracking how Musk-adjacent narratives move crypto prices, DOGE’s current sensitivity to SpaceX developments makes the next IPO headline a potential binary catalyst. Discover: The best pre-launch token sales Maxi Doge Targets Early-Mover Upside as Dogecoin Rallies DOGE at above $0.10 is compelling. But let’s be honest about the math, going from $0.10 to $1.00 requires a 10x from a coin already carrying a multi-billion dollar market cap. That’s not impossible, but it’s a very different risk-reward profile than being early in something smaller. Rotation into meme coin presales has been a recurring pattern this cycle, and recent data shows traders actively moving into early-stage meme projects when blue-chip meme coins approach resistance. ONLY 1 TOP DOG THIS CYCLE. pic.twitter.com/IUDUZlpUH0 — MaxiDoge (@MaxiDoge_) April 21, 2026 Maxi Doge ($MAXI) is one presale pulling that attention. The concept is deliberately absurd in the best possible way: a 240-lb canine juggernaut built around 1000x leverage trading culture and gym-bro meme energy. The project has raised $4.7 million at a current presale price of just $0.0002815 , with a huge 60% APY staking bonus live for holders. Features include holder-only trading competitions with leaderboard rewards and a Maxi Fund treasury allocated for liquidity and partnerships. Research Maxi Doge here before the presale price advances. The post Dogecoin Price Rallies Ahead of SpaceX IPO: $1 DOGE Dream Moves Closer appeared first on Cryptonews .
