'Such Rocket,' Dogecoin Team Reacts to 'DOGE to the Moon' Tease

The official $DOGE X account has reacted to the "Dogecoin to moon" tease on X. The official Dogecoin X account tweeted "Such Rocket," which was accompanied by a cute Shiba Inu image depicting a "wow" or surprise reaction to the SpaceX CEO's response of "yes."

The discussion on X started with a repost of Elon Musk's 2021 tweet about SpaceX putting a literal Dogecoin on the literal moon.

Tesla Owners Silicon Valley account tagged Elon Musk with "When @elonmusk?" alongside a screenshot of his January 2021 post teasing Dogecoin being put on the moon. To this, Musk responded by saying," maybe next year."

Another X user reshared this post, saying "Doge on the moon is inevitable," to which Musk responded "Yes".

Musk has been a strong supporter of Dogecoin over the years. In 2022, he said SpaceX would take Dogecoin for some merchandise, in line with Tesla’s previous move to accept $DOGE payments for select items.

SpaceX's $DOGE-1 mission, a small satellite funded entirely in $DOGE, is scheduled to fly aboard a SpaceX Falcon 9 rocket. First announced in 2021, the mission has faced repeated delays but has cleared regulatory hurdles, sustaining it as one of the most visible Dogecoin-adjacent projects linked to SpaceX.

Dogecoin price action

Dogecoin fell to a low of $0.094 on Jan. 31, amid a weekend sell-off that pushed prices to multimonth lows and caused billions of dollars to be liquidated across derivatives markets.

Dogecoin slightly rebounded in the days that followed to reach $0.11 on Feb. 2, before retreating.

At the time of writing, $DOGE was up 1.32% in the last 24 hours to $0.1 but down nearly 11% weekly.

The next barrier lies at $0.12, while a drop below $0.10 increases the chances to $0.08. On the other hand, if the price surpasses $0.12, Dogecoin will aim for $0.16 next.