{"id":8219,"date":"2025-11-16T05:11:07","date_gmt":"2025-11-16T05:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/how-did-the-dogecoin-price-react-to-elon-musks-latest-dog-post\/"},"modified":"2025-11-16T05:11:07","modified_gmt":"2025-11-16T05:11:07","slug":"how-did-the-dogecoin-price-react-to-elon-musks-latest-dog-post","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/how-did-the-dogecoin-price-react-to-elon-musks-latest-dog-post\/","title":{"rendered":"How Did The Dogecoin Price React To Elon Musk\u2019s Latest Dog Post?"},"content":{"rendered":"

The world\u2019s richest man, Elon Musk, recently posted a picture of a Shiba Inu, Dogecoin\u2019s mascot<\/a>. However, the Dogecoin price failed to react positively to the post, as it has most times done in the past when Musk made similar posts.\u00a0<\/p>\n

Dogecoin Price Fails To React to Elon Musk\u2019s Shiba Inu Post<\/h2>\n

The Dogecoin price failed to surge on the back of Elon Musk\u2019s X post<\/a>, in which he posted a meme of a Shiba Inu<\/a> playing a banjo. DOGE has in the past rallied on the back of such posts because the Japanese dog breed is the meme coin\u2019s mascot. Notably, the post comes amid a crypto market downturn, which has sparked bearish sentiment toward DOGE.\u00a0<\/p>\n

As such, this may explain why the Dogecoin price failed to rally on the back of Elon Musk\u2019s X post. DOGE is currently struggling below the psychological $0.2 price level amid concerns that the crypto market may be in a bear market<\/a>. The foremost meme coin and other altcoins have declined alongside Bitcoin, which is now way below the psychological $100,000 level.\u00a0<\/p>\n

However, amid speculations that the Dogecoin price<\/a> may already be in a bear market, a positive for the foremost meme coin is Elon Musk\u2019s announcement<\/a> that X Money will launch soon. There has been a lot of speculation that DOGE could be included as a payment option in the social media platform\u2019s payment system.\u00a0<\/p>\n

This remains a possibility, considering Elon Musk\u2019s affinity for Dogecoin, even going as far as referring to himself as the \u2018Dogefather.\u2019 DOGE\u2019s potential inclusion as a payment option on X Money<\/a> could serve as a bullish catalyst for the Dogecoin price, as it would boost the meme coin\u2019s utility\u00a0<\/p>\n

What\u2019s Next For DOGE Amid Bear Market Concerns<\/h2>\n

Crypto analyst CryptoCeek provided insights into what is next for the Dogecoin price as it continues to decline. In an X post<\/a>, he noted that DOGE is drifting toward $0.14 again and that a breakdown below this level could put a further drop to $0.10 in sight. This puts the foremost meme coin at risk of losing its bull market structure<\/a>.\u00a0\u00a0<\/p>\n

However, CryptoCeek added that a flip of the 20-day EMA can lead the Dogecoin price to reclaim $0.21. In the meantime, he declared that the range traders are still running the show. Meanwhile, crypto analyst Ali Martinez raised the possibility that Dogecoin’s price could drop to as low as $0.07. He stated<\/a> that below $0.16, support for DOGE disappears quickly, with the next real demand zone at $0.07.\u00a0<\/p>\n

\"Dogecoin\"<\/p>\n

At the time of writing, the Dogecoin price is trading at $0.16, down in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>\n

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

The world\u2019s richest man, Elon Musk, recently posted a picture of a Shiba Inu, Dogecoin\u2019s mascot. However, the Dogecoin price failed to react positively to the post, as it has most times done in the past when Musk made similar posts.\u00a0 Dogecoin Price Fails To React to Elon Musk\u2019s Shiba Inu Post The Dogecoin price…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131],"tags":[98,1453,3997,133,374,134,132,216,375,3998,157,135,585,1656,158,100,101,3999],"class_list":["post-8219","post","type-post","status-publish","format-standard","hentry","category-dogecoin","tag-altcoins","tag-coinmarketcap","tag-cryptoceek","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogefather","tag-dogeusd","tag-dogeusdt","tag-elon-musk","tag-ema","tag-meme-coin","tag-shib","tag-shiba-inu","tag-x-money"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=8219"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8219\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=8219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=8219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=8219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}