SpaceX is preparing for an IPO that aims to raise more than 30 billion US dollars by the end of 2026. At that size, the company could be valued at 1.5 trillion US dollars, making it the largest stock market listing in history.

For crypto investors, this creates interesting opportunities, as Musk has long been seen as the main champion of the meme token Dogecoin (DOGE). In addition, a SpaceX rocket is expected to launch a satellite called Doge-1 into orbit. Below is how the token and the market are reacting.

Dogecoin trend and structure

Over the last 24 hours, the price has traded between 0.153 and 0.14 US dollars. At the time of writing, DOGE is holding at 0.146 dollars, about 3.6% higher than a day earlier. The market capitalization is around 22 billion US dollars.

The token is trading slightly above the 20-day EMA (0.144 dollars), indicating a short-term recovery in momentum. After the 0.153-dollar high, the chart shows lower highs and lower lows, pointing to short-term weakness after the recent peak.

Key short-term levels:

  • Support: 0.145 and 0.141 dollars

  • Resistance: 0.148 and 0.150 dollars

Overall, the market is neutral with a slight bullish bias as long as the price holds above the 20-day EMA.

DOGE momentum check

The RSI(14) stands at 63.64, indicating moderate buying pressure above the neutral zone. However, the histogram shows fading positive acceleration, which points to weakening upside pressure even though the broader momentum remains intact.

Dogecoin volatility and risk

The width of the Bollinger Bands is around 0.013 dollars. This is a moderate level, confirming a consolidation phase with elevated but not extreme volatility.

Scenario

Target range (USD)

Probability

Invalidation level

Key levels

Trigger (entry condition)

Neutral

0.142 – 0.151

50%

0.151

20-day EMA at 0.14425 USD, upper Bollinger Band at 0.14969 USD, Fibonacci level at 0.14649 USD

RSI stays between 50 and 65, price consolidates around the 20-day EMA (0.14425 USD), middle Bollinger Band acts as a magnet

Bullish

0.151 – 0.165

25%

0.146

Resistance at 0.15090 USD, 20-day EMA at 0.14425 USD, upper Bollinger Band at 0.14969 USD

Daily close above 0.15090 USD on rising volume, RSI moves above 70, breakout above the upper Bollinger Band is confirmed

Bearish

0.131 – 0.145

25%

0.151

Support at 0.14546 USD, final Fibonacci level at 0.13177 USD, lower Bollinger Band at 0.13636 USD

Daily close below 0.14546 USD, RSI falls below 50, the 20-day EMA is decisively broken

Outlook and conclusion

Short-term outlook for 10 December: neutral with a slight bullish bias.

  • Bullish scenario: a breakout above 0.150 dollars with confirmation (RSI > 70) could open the way toward 0.165 dollars.

  • Bearish scenario: a drop below 0.145 dollars with RSI < 50 would increase the risk of a move toward the 0.132-dollar zone (Fibonacci target).