Dogecoin was trading at $0.07035 on Tuesday as SpaceX stock climbed 4.6% to $119.71 ahead of the company's first earnings call as a public firm. The meme coin has stabilized near the lower end of its three-month range but hasn't confirmed a sustained bullish move yet.
The daily RSI sat at 43.09, just above its 40-day moving average. That means momentum ticked up slightly but still sits below the neutral 50 mark, giving sellers a slight edge in the near term.
For DOGE to gain real traction, it needs to clear the $0.07273 to $0.07398 resistance zone. The Bollinger Bands' 20-day midpoint at $0.07122 stands as the first hurdle. Breaking above that opens the door to testing the upper band.
SpaceX is set to report second-quarter results after U.S. markets close Tuesday, with the audio webcast starting at 4:30 p.m. ET. This marks the company's first earnings report since its June IPO, and Wall Street is watching closely for Starlink subscriber numbers, Starship spending, and the financial toll of AI operations.
Analysts pencil in about $6.8 billion in quarterly revenue against a loss of roughly $0.23 per share, though estimates range widely from a $1.55 billion to $1.9 billion net loss. Options pricing suggests SPCX could swing 15% either way after the report, which translates to roughly a $225 billion shift in the company's valuation.
Meanwhile, Bitcoin held around $63,400 and Ethereum hovered near $1,840, but DOGE gains stayed muted. Traders are essentially sitting tight waiting for something to spark real momentum. An insider-share unlock looms as another potential catalyst for volatility ahead.
The meme coin's recovery from its May peak above $0.117 has been grinding. Recent bounces have offered some relief, yet the daily chart still lacks conviction that a sustained rally is underway.
This material is for informational purposes only and should not be construed as financial advice or investment guidance.
