Dogecoin price eyes $0.076 as SpaceX stock jumps before earnings

Dogecoin price traded near $0.070 as SPCX stock extended its rebound ahead of SpaceX’s first earnings report as a public company.

Dogecoin price holds near $0.070

According to data from crypto.news, Dogecoin (DOGE) price was trading at $0.07035 at the time of writing, remaining near the lower end of its three-month range. The meme coin has stabilized after falling from a May peak above $0.117, but the daily chart has yet to confirm a sustained bullish reversal.

DOGE is trading below the Bollinger Bands’ 20-day midpoint at $0.07122. The level represents the first barrier buyers must reclaim before challenging the upper band at $0.07398.

The daily Relative Strength Index stood at 43.09, slightly above its moving average of 40.42. The reading shows that momentum has improved but remains below the neutral 50 mark, leaving sellers with a modest advantage.

Dogecoin’s immediate price action is unfolding alongside a broader crypto market recovery. Bitcoin traded around $63,400, while Ethereum hovered near $1,840. However, DOGE’s gains remained limited as traders waited for a stronger catalyst.

SpaceX earnings put Musk-linked assets in focus

SpaceX is scheduled to release its second-quarter results after the U.S. market closes on Tuesday. Management will hold an audio webcast at 4:30 p.m. ET, according to the company’s investor announcement.

The report will be SpaceX’s first since its June initial public offering. Investors are expected to focus on Starlink subscriber growth, Starship spending and the financial impact of the company’s artificial intelligence operations.

Analysts expect SpaceX to report about $6.8 billion in quarterly revenue and a loss of roughly $0.23 per share, according to Yahoo Finance. Market estimates vary, with some forecasts pointing to a quarterly net loss of between $1.55 billion and $1.9 billion.

Options pricing implied that SpaceX shares could move about 15% in either direction after the report, potentially changing the company’s valuation by approximately $225 billion, Reuters reported.

Dogecoin has no direct financial link to SpaceX earnings. However, both assets remain connected through market sentiment surrounding Elon Musk. This association can attract speculative DOGE trading when Musk-owned companies dominate U.S. market attention, though it does not guarantee a corresponding price move.

Dogecoin price must break $0.07398

The daily chart places DOGE’s first significant resistance at $0.07273, corresponding to the 78.6% Fibonacci retracement of its decline from $0.09092 to $0.06778.

A daily close above that level would expose the upper Bollinger Band at $0.07398. Buyers would then need to break $0.07662, the 61.8% Fibonacci level, to establish a more convincing recovery.

Continued momentum above $0.07662 could open a move toward $0.07935. The next resistance levels would stand at $0.08208 and $0.08546, although DOGE would require stronger volume and an RSI move above 50 to support that scenario.

On the downside, the lower Bollinger Band sits at $0.06847. A loss of that level could return DOGE to the $0.06778 range low.

Breaking below $0.06778 would invalidate the immediate rebound and extend the bearish structure that has controlled the daily chart since May.

SPCX stock tests $119 Fibonacci resistance

SPCX stock traded at $119.71 on the 4-hour chart after gaining 4.6%. Shares rebounded from a low near $105 and moved back above the 78.6% Fibonacci retracement level at $119.34.

Holding above $119.34 would allow buyers to challenge the 4-hour Supertrend resistance at $124.15. A confirmed break above the Supertrend could shift the short-term signal and place $130.67 in focus.

Further resistance stands at $138.63 and $146.58. However, the broader chart remains bearish after SPCX declined from $172.34 in early July and from its June high above $220.

The Awesome Oscillator remained negative at minus 10.40, showing that bearish momentum has not fully disappeared. Its rising bars nevertheless indicate that downward pressure is easing as the stock rebounds.

Failure to hold $119.34 could send SPCX back toward $114 and $110. The primary technical floor remains near $104.91.

Earnings and share unlock could increase volatility

SpaceX’s earnings will not be the only event affecting the stock. An IPO lockup is due to expire on Aug. 6, potentially allowing insiders and early investors to sell up to 911.5 million shares, according to Business Insider.

That incoming supply could limit an earnings-driven rally or deepen a decline if SpaceX misses market expectations. Strong Starlink growth, improved margins or clearer spending guidance could instead help SPCX hold its recovery.

For Dogecoin, the technical picture remains neutral-to-bearish while the price stays below $0.07273. SpaceX earnings may lift trading interest around Musk-linked assets, but DOGE still needs a confirmed breakout above $0.07398 to turn that attention into a stronger price recovery.