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Dogecoin has long lived in the hearts of crypto traders as much for its “to the moon” narrative as for its technical price behavior.
- Renewed speculation around SpaceX’s $DOGE-1 mission in 2027 has revived Dogecoin’s long-standing “to the moon” narrative, historically a strong but short-lived price catalyst.
- Despite the attention, Dogecoin remains in a broader downtrend, with TradingView data showing bearish market structure and momentum indicators signaling continued weakness.
- Any sustained price response tied to the SpaceX mission will likely depend on $DOGE reclaiming key resistance levels and broader crypto market conditions, rather than sentiment alone.
With recent comments from Elon Musk suggesting SpaceX may put a literal Dogecoin ($DOGE) on the moon in 2027, market participants are once again asking: What could this do to $DOGE’s price?
The SpaceX $DOGE Mission
The $DOGE-1 mission was originally announced in 2021 and represents the first space mission funded entirely with Dogecoin, a 40 kg CubeSat designed to orbit the Moon, collect data, and broadcast imagery.
While it has faced repeated delays from its original 2022 timeline, new comments from Elon Musk revived the idea that something Dogecoin-related could actually reach the Moon as early as 2027.
Maybe next year
— Elon Musk (@elonmusk) February 3, 2026
This narrative has become one of the most recognizable catalysts in $DOGE’s history, first triggering a 30% price surge when it was initially teased. However, past reactions also suggest that enthusiasm around the mission has tended to generate sharp but short-lived moves, rather than sustained rallies.
Dogecoin price structure remains under pressure
Dogecoin was exchanging hands for $0.10 at press time, down nearly 6% in the last 24 hours. From a technical perspective, Dogecoin is currently trading within a well-defined downtrend. On the daily chart, price has been making a series of lower highs and lower lows since peaking in October, indicating that bearish market structure remains intact.
Dogecoin is trading below its 9-day simple moving average, which has repeatedly acted as dynamic resistance in recent weeks. Each attempt to reclaim this level has been met with selling pressure, suggesting that traders continue to fade rallies rather than position for a sustained breakout.
The relative strength index (RSI) on the daily timeframe has dipped toward oversold territory, hovering below the 30–35 range. While this can open the door to short-term relief bounces, the absence of a clear bullish divergence indicates that downside pressure has not fully exhausted itself.
Looking ahead to 2027, the SpaceX $DOGE mission represents one of the clearest narrative catalysts for Dogecoin, but traders and investors should watch for how price structure responds alongside it.
On the technical side, a break above key resistance levels such as the $0.11–$0.12 zone — followed by higher highs and strong volume — would lend conviction to any trend shift after years of bearish structure.
Beyond chart levels, broader market trends and macro factors will play a role: several long-term forecasts suggest modest upside by 2027. Ultimately, the interplay between sentiment around a lunar mission, confirmation of that project’s timeline, and shifts in overall crypto market conditions will be key signals to watch as that year unfolds.