Although Dogecoin was not explicitly mentioned in the announcement, Musk’s long-standing support for the memecoin quickly reignited speculation across the crypto community. Musk has repeatedly promoted Dogecoin in the past and has integrated DOGE payments into several businesses. Because of this history, developments connected to Musk or the X ecosystem often influence Dogecoin price sentiment. As a result, the X Money update has once again placed DOGE back into the spotlight among traders and investors.
Key levels traders are watching include:
Support
- $0.09 – $0.088 demand zone
Resistance
- $0.10 breakout level
- $0.13 major resistance
A confirmed breakout above the descending resistance trendline could signal a shift in momentum. If Dogecoin price manages to reclaim the $0.12 level, analysts believe the next upside targets could appear near $0.20 and $0.25, where previous supply zones exist.
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