Dogecoin Price Prediction: Elon Musk Set to Launch DOGE to the Literal Moon – Could This Be the $1 Catalyst?

Elon Musk is making good on a 2021 promise to send DOGE to the “literal moon,” adding fresh social momentum to Dogecoin price predictions.

The key opinion leader has once again turned his attention to the meme coin, and this time, “it’s time” for the anticipated SpaceX DOGE-1 lunar mission.

Musk’s update confirms recent FCC filings for a late 2025 launch following multiple delays.

The mission will make history in many ways: as the first-ever space expedition fully financed by cryptocurrency, as well as the first crypto and meme coin to reach space.

A publicity stunt of this magnitude could be a major social catalyst for Dogecoin. While the initial market reaction has been muted, mainstream exposure from the launch could attract a potential wave of fresh retail capital.

Dogecoin Price Analysis: Could the $1 DOGE Push Start Before Year-End

Dogecoin could still be on the breakout path toward $1, with the DOGE-1 lunar mission adding fresh momentum to a year-long ascending channel setup.

Despite bearish market sentiment surrounding the U.S. macro narrative, the current retest of lower support could act as a launchpad, particularly as sell pressure shows its cracks.

While the MACD histogram still sits below the signal line, it has started to flatten out, and the RSI’s rebound from the 30 oversold threshold hints at a local bottom forming near $0.15.

An advance to reclaim the $0.20 demand zone as psychological support could confirm a renewed breakout push, targeting previous highs at $0.50 for a 200% gain.

However, falling below $0.15 could confirm a breakdown scenario, risking a potential 45% crash back to pre-bull run levels at $0.09.

Further updates on the DOGE-1 mission could inject the social momentum needed for sentiment to flip decidedly bullish. If hype unfolds in line with past Musk-driven surges, Dogecoin could credibly extend 500% to $1.

Elon Musk fueled the first bull run in 2021. The Musk-led U.S. Department of Government Efficiency (D.O.G.E.) initiative revived interest in 2024. Now, DOGE-1 could mark the next leg up.

Maxi Doge: A Different Angle to Capture Dogecoin Hype

If past cycles prove anything, it’s that Doge-branded tokens carry the strongest social momentum.

Shiba Inu carried the torch from Dogecoin in 2021, then Floki, Bonk, Dogwifhat, Neiro, and most recently Dowge. Every bull run eventually delivers its own parabolic Doge-themed runner.

This time around, the DOGE-1 social catalyst creates the perfect environment for a new frontrunner, and speculators are eyeing Maxi Doge ($MAXI) as the next moonshot.

The hype is already translating into numbers. The $MAXI presale has raised almost $4 million, with early backers currently enjoying a high 78% APY on staking rewards.

For those who missed out on the Doge wave before, MaxiDoge could represent the next opportunity to catch a meme coin breakout before it runs.