Dogecoin jumped 10% as speculation flared around a possible SpaceX IPO, alongside another round of chatter about payments on Elon Musk’s X platform. DOGE has a long history of reacting fast to Musk-linked headlines, and this move fit that pattern. There’s still no official confirmation on either front, but the rumor cycle was enough to light up the token.
The chart draws in Dogecoin’s price range, boxed tightly just above $0.10 for over 2 months before breaking sharply higher through the 0.108 pivot, ending the long compression.
What made this pop notable was the setup. DOGE had been trapped in a tight 72-day range just above $0.10, and this move finally cleared the 0.108 area that had capped price for weeks. That turned a familiar Musk-linked headline reaction into a clean break from compression, which is why traders paid attention.
Dogecoin’s SpaceX IPO speculation breakout now sets the tone for whether meme flows keep expanding tomorrow.