$Meanwhile, the RSI remains near 36, signaling that DOGE is approaching oversold territory. The flattening RSI line suggests waning bearish momentum, opening the door for a potential bullish reversal if trading volume expands.
If DOGE successfully holds above the $0.1569 support, the likelihood of a move toward $0.3068 by the end of Q4 remains high — reinforcing the long-term bullish outlook and hinting at a cyclical recovery after months of downward pressure.
DOGE/USDT 1-Day Chart (Source: TradingView)
Musk’s Trillion-Dollar Pay Package Reignites Dogecoin Hype
Tesla’s approval of Elon Musk’s $1 trillion compensation deal has breathed new life into the Dogecoin narrative — and by extension, the broader meme coin sector. Musk’s surging net worth continues to influence sentiment across speculative markets, and Dogecoin remains the chief beneficiary of the “Musk effect.”
The package reflects investor confidence in Musk’s leadership — indirectly fueling optimism around DOGE and other Musk-linked assets. Given his longstanding relationship with Dogecoin, any increase in his public or financial stature tends to amplify enthusiasm within the DOGE community.
This renewed spotlight emerges at a critical juncture for the token’s technical setup, which is flashing early bullish signals. To many investors, Musk’s success represents innovation, risk-taking, and confidence — qualities deeply intertwined with Dogecoin’s cultural and speculative appeal.
As Tesla’s valuation climbs and Musk’s influence expands, new participants may re-enter the meme coin market, reviving speculative energy. Dogecoin could therefore see an upswing driven by public interest and emotional resonance with Musk’s success story.
With enthusiasm spreading through the crypto space, DOGE’s connection to Musk’s brand keeps it at the center of meme coin speculation heading into late 2025.
Summary
Dogecoin’s current market structure mirrors the conditions that preceded its 101% summer rally, suggesting that history could repeat before year’s end.