Elon Musk has pushed the DOGE-1 story back into the market spotlight with a short reply: “Maybe next year.” The renewed attention started after a Tesla owners club reposted Musk’s 2021 message about putting “a literal Dogecoin on the literal moon.” When asked about timing on X, Musk’s response was enough to revive speculation around the long-discussed lunar mission funded with Dogecoin.
DOGE-1 remains a live idea, not a confirmed launch
The mission in question is SpaceX’s DOGE-1 cubesat, a satellite project described as fully paid for in Dogecoin. It is expected to travel aboard a Falcon 9 rocket from Kennedy Space Center, orbit the Moon, capture lunar images, and collect space data. The target had once been 2022, but the project has gone through repeated delays and still has no official launch date.
The source notes that some reports now point to 2026 or even 2027. That leaves Musk’s latest remark as a fresh trigger for attention rather than a formal schedule update. For many in crypto, the appeal is clear: DOGE-1 has long been treated as a rare example of a memecoin narrative crossing into a real-world aerospace project.
The article also says SpaceX continues to grow rapidly. After acquiring xAI, the combined company is reportedly valued near $1.25 trillion. That scale has helped keep belief alive that DOGE-1 could still happen, even if the timetable stays uncertain.
Price moves higher, but market conviction still looks limited
Dogecoin rose about 3% over the past 24 hours, outperforming the broader market’s roughly 1% gain. The token was trading near $0.107, back above the key psychological level of $0.10. Even with that rebound, the source says DOGE had still dropped more than 12% over the past week based on CoinMarketCap data, which puts the latest move in the context of a recovery after a sharp slide.
Market capitalization was listed at close to $18 billion, with daily trading volume around $1.35 billion. Still, spot volume has been falling. That matters. It suggests traders reacted to the Musk headline, but the buying wave has not yet turned into broad, aggressive participation.
RSI bounced from oversold territory as traders watch $0.114
On the technical side, Dogecoin recently slipped into oversold conditions. The 7-day RSI fell to around 29, a level many traders view as a possible buying zone. Buyers stepped in as the token approached $0.10, helping stop the decline.
The next level highlighted in the source is the 7-day EMA near $0.114. A strong close above that mark could support short-term momentum. If DOGE loses the $0.10 area again, the next notable demand zone may be near $0.08. The report also says crypto markets have been stabilizing after extreme fear readings, with algorithmic traders triggering buy orders at important support levels. At the same time, derivatives data shows open interest is down, which points to limited leverage and a rally that still lacks stronger conviction.
Based on the levels cited in the source, a hold above $0.10 followed by a break over $0.114 could open the way toward $0.12 to $0.13. If SpaceX formally confirms the DOGE-1 launch, mainstream attention could increase. If no concrete progress follows, the price may struggle to hold gains on narrative alone.