Dogecoin is trading at $0.096, seeing a weekly decline of over 10% as it tests a key support zone. Analyst Jonathan Carter notes a descending channel pattern that could lead to a rebound if support holds. Separately, Elon Musk suggested SpaceX could place DOGE on the moon next year, and his company xAI is recruiting crypto specialists to train AI models, highlighting growing convergence between the sectors.
Dogecoin (DOGE) is trading at $0.09608, down 0.15% in 24 hours with a daily volume of $1.79 billion. The meme cryptocurrency has fallen approximately 10.6% over the last week, continuing a prolonged bearish trend.
In an X post, crypto analyst Jonathan Carter noted DOGE is forming a descending channel on the 3-day chart. “This support zone has proven reliable, and if it holds, DOGE could rebound toward $0.37–$0.47 resistance levels,” Carter stated.
The 50-period moving average remains above current prices, indicating a cautious short-term outlook. Volume clusters near the support zone may provide temporary buying pressure.
Elon Musk recently reignited interest by indicating SpaceX could place Dogecoin on the moon “maybe next year,” revisiting a 2021 pledge. Despite the announcement, DOGE’s price remained near $0.11, down roughly 60% over the past year.
Analysts suggest Musk’s influence on DOGE price has weakened compared to previous market cycles. The fully Dogecoin-funded DOGE-1 mission remains scheduled to launch aboard a Falcon 9 rocket.
Concurrently, xAI is recruiting a crypto specialist to train AI systems on digital asset markets, as shown in a job posting. The role requires expertise in platforms like Dune Analytics and DefiLlama, with pay ranging from $45 to $100 per hour.
This recruitment follows the February merger of SpaceX and xAI, valued at an estimated $1.25 trillion. Industry experts note the move could position Musk’s ventures at the forefront of AI and blockchain integration.
