Dogecoin (DOGE) surged nearly 6% on Friday, reaching toward $0.0905, after SpaceX's historic IPO on Nasdaq under ticker SPCX. The meme coin outperformed the broader crypto market as investor enthusiasm over Elon Musk's ventures reignited interest in Musk-associated assets. SpaceX priced shares at $171, raising about $75 billion with a valuation near $1.8 trillion, generating over $350 billion in demand and causing delays in the opening auction. The rally highlights the strong connection between market sentiment, Musk's companies, and speculative crypto activity. Traders revisited past references to the DOGE-1 mission and potential integrations, though no new announcements were made. Analysts remain cautious, noting DOGE's history of sharp rallies followed by pullbacks. At the time of writing, DOGE traded at $0.0900, up 6% in 24 hours and nearly 9% over seven days, but still 87.8% below its all-time high of $0.7316 from May 2021. Key support and resistance levels are being watched between $0.09 and $0.12.

Key facts

• Dogecoin surged nearly 6% to $0.0905 after SpaceX's Nasdaq IPO under ticker SPCX.
• SpaceX raised ~$75 billion at $171/share, valuing it near $1.8 trillion with over $350B demand.
• The rally is tied to Elon Musk's influence and speculation on Dogecoin integration in his ventures.
• DOGE is up 9% over seven days but still 87.8% below its May 2021 all-time high.
• Analysts warn of potential pullback; key support at $0.09 and resistance at $0.10-$0.12.

KeyAudit data perspective