{"id":31799,"date":"2026-06-12T20:37:22","date_gmt":"2026-06-12T20:37:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dogecoin-rallies-after-spacex-ipo-crowns-musk-a-trillionaire\/"},"modified":"2026-06-12T20:37:34","modified_gmt":"2026-06-12T20:37:34","slug":"dogecoin-rallies-after-spacex-ipo-crowns-musk-a-trillionaire","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dogecoin-rallies-after-spacex-ipo-crowns-musk-a-trillionaire\/","title":{"rendered":"Dogecoin rallies after SpaceX IPO crowns Musk a trillionaire"},"content":{"rendered":"
\n

Dogecoin has climbed as much as 7.6% and briefly touched $0.091 after SpaceX\u2019s blockbuster stock market debut pushed Elon Musk\u2019s net worth above the $1 trillion mark.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Dogecoin surged as much as 7.6% following SpaceX\u2019s market debut.<\/li>\n
  • SpaceX\u2019s valuation topped $2.1 trillion, pushing Elon Musk above $1 trillion in net worth.<\/li>\n
  • Technical indicators show improving momentum, though key resistance remains ahead.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    According to market data, Dogecoin (DOGE) rose to an intraday high of $0.091 on June 12 before retreating to around $0.087 at press time, giving back part of its gains as traders reacted to renewed interest surrounding Elon Musk and SpaceX.<\/p>\n

    The rally came after SpaceX began trading on U.S. exchanges at $150 per share, an 11% premium to its $135 IPO price. Shares later surged to $176 before easing to roughly $161. The move lifted the aerospace company\u2019s valuation above $2.1 trillion and, based on estimates tied to Musk\u2019s ownership stake, made him the first person to surpass a $1 trillion fortune.<\/p>\n

    Across the crypto market, the listing coincided with a rebound in risk assets. Bitcoin moved back above the $64,000 level after recent weakness, while several major digital assets recovered part of their losses.<\/p>\n

    Dogecoin, which has frequently responded to developments involving Musk, emerged as one of the strongest performers during the session.<\/p>\n

    <\/p>\n

    Technical indicators point to improving momentum<\/h2>\n

    On the four-hour chart, DOGE has recovered from its June 6 low near $0.0776 and broken above a descending trendline that had capped prices for more than a week. The token also climbed back above the 0.618 Fibonacci retracement level near $0.0867, a zone that is now being watched as near-term support.<\/p>\n

    Dogecoin 4-hour price chart \u2014 June 12 | Source: crypto.news <\/figcaption><\/figure>\n

    Momentum indicators have also improved. The MACD histogram has turned positive, and the MACD line remains above the signal line, suggesting buying pressure has strengthened following the recent rebound.<\/p>\n

    At the same time, the recovery remains incomplete. The Supertrend indicator continues to show resistance near $0.088, a level DOGE has only recently begun testing. A sustained move above that area could bring the next Fibonacci resistance zones around $0.0896 and $0.0924 into focus, while a rejection could expose support near $0.0827 and the recent low.<\/p>\n

    Analysts warn enthusiasm may not last<\/h2>\n

    Despite the positive reaction, some market observers remain cautious about the durability of the move.<\/p>\n

    Several analysts have argued that Dogecoin\u2019s surge may be driven primarily by excitement surrounding Musk\u2019s trillionaire milestone and SpaceX\u2019s highly anticipated public debut rather than a change in Dogecoin\u2019s underlying fundamentals.<\/p>\n

    \n
    \nhttps:\/\/x.com\/AltcoinSherpa\/status\/2065443577593790823\n<\/div>\n<\/figure>\n

    Additional concerns stem from the outlook for Bitcoin. In a recent report, Galaxy Digital projected that Bitcoin could eventually fall toward $30,000 before establishing a market bottom. Such a scenario, if it materializes, could weigh on sentiment across the digital asset market, including speculative assets such as Dogecoin.<\/p>\n

    For now, DOGE remains tied to the attention generated by Musk\u2019s latest achievement. While traders have responded positively to the SpaceX listing, the token\u2019s inability to hold its intraday peak suggests some investors are already locking in profits as the initial excitement begins to cool.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Dogecoin has climbed as much as 7.6% and briefly touched $0.091 after SpaceX\u2019s blockbuster stock market debut pushed Elon Musk\u2019s net worth above the $1 trillion mark. Summary Dogecoin surged…<\/p>\n","protected":false},"author":1,"featured_media":28565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=31799"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31799\/revisions"}],"predecessor-version":[{"id":31800,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31799\/revisions\/31800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/28565"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=31799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=31799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=31799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}