# Dogecoin and Shiba Inu slide despite meme‑coin rally, Musk tease

**Published:** 2026-07-10T03:32:04.057Z  
**Topic:** Fartcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/8496a75a-f2f9-4b0d-90fc-dda83de5e13d

Dogecoin tests $0.10 support and Shiba Inu hits $0.000007 floor as broader meme‑coin rally fades, driven by Elon Musk’s moon tease and overall crypto weakness.

Dogecoin slipped back toward the $0.10 psychological barrier and Shiba Inu fell to its $0.000007 support level, even as newer meme tokens sparked a brief rally, underscoring the fragility of the two flagship meme coins amid a broader market downturn.  

| At a glance | |
|---|---|
| Dogecoin price | ≈ $0.099 |
| 24h change | –0.5% (approx.) |
| Key level | $0.10 support |
| Catalyst | Elon Musk’s “Dogecoin on the moon” tease and overall crypto weakness |

## Technical pressure on Dogecoin  
Dogecoin is hovering just above the critical $0.10 support zone, a level that often triggers trader sentiment shifts. The token sits below all major exponential moving averages—20 EMA at $0.1199, 50 EMA at $0.1304, 100 EMA at $0.1465, and 200 EMA at $0.1683—creating a “death zone” of resistance that caps any upside attempts【1】. A descending trendline intersecting near $0.12‑$0.13 further limits rallies, while the Parabolic SAR at $0.1192 confirms the downtrend remains active. For a genuine reversal, DOGE would need to breach the $0.13‑$0.14 range and break above the trendline【1】.

## Shiba Inu’s deeper dip  
Shiba Inu fell 5% and is testing a long‑standing support area around $0.000007, a psychological floor hit repeatedly since early 2024. The Supertrend indicator sits at $0.00000806, roughly 23% above the current price, flashing a bearish signal. If the $0.0000065‑$0.000007 zone collapses, the next meaningful support lies near $0.000005‑$0.000006【1】. A descending trendline and Supertrend resistance at $0.00000754 and $0.00000806 respectively create a dual ceiling that hampers any near‑term bounce【1】.

## Musk’s moon tease fails to lift meme coins  
Elon Musk’s 2021 tweet promising a “literal Dogecoin on the literal moon” resurfaced this week, with Musk replying “Maybe next year” when prompted. The tease referenced the DOGE‑1 satellite mission, originally slated for a late‑2023 launch but now delayed to the second half of 2026 by Geometric Energy Corporation【1】. Despite the buzz, the broader crypto market’s weakness dragged both DOGE and SHIB lower, erasing any short‑term gains from the Musk‑driven hype.

## Comparative performance in 2026  
Both meme coins remain far from their 2021 peaks—Dogecoin down 86% and Shiba Inu down 93% from all‑time highs【3】. In 2026 alone, DOGE is down roughly 20% while SHIB trails with a near 10% decline, offering no clear advantage for either token【3】. Their limited utility—Dogecoin mainly for online payments and SHIB’s nascent DeFi ecosystem—has not translated into price resilience【3】【4】.

## What to watch  
- Dogecoin breaking below $0.10 could trigger a slide toward $0.08‑$0.09, while a rally above $0.13‑$0.14 may signal a short‑term reversal.  
- Shiba Inu’s support at $0.000007; a breach could open the $0.000005‑$0.000006 zone.  
- The scheduled DOGE‑1 satellite launch in H2 2026, which may reignite Musk‑related sentiment if delayed further or finally executed.  

The continued weakness of Dogecoin and Shiba Inu, despite fleeting hype from newer meme tokens, highlights the limited upside of legacy meme coins in a risk‑off environment. Their future hinges on whether upcoming catalysts—such as the delayed DOGE‑1 mission—can overcome entrenched technical resistance and broader market pessimism.

## Sources
1. Benzinga.com — [Elon Musk Teases DOGE Moon Mission, But Dogecoin And Shiba Inu Crash Anyway](https://www.benzinga.com/crypto/cryptocurrency/26/02/50351094/elon-musk-teases-doge-moon-mission-but-dogecoin-and-shiba-inu-crash-anyway)
2. The Motley Fool — [Dogecoin vs. Shiba Inu: Is Either Worth Buying During the Crypto Crash?](https://www.fool.com/investing/2026/04/02/dogecoin-vs-shiba-inu-is-either-worth-buying-crash/)
3. The Motley Fool — [Shiba Inu vs. Dogecoin: Which Meme Coin Is the Less Risky Bet?](https://www.fool.com/investing/2026/04/19/shiba-inu-vs-dogecoin-which-meme-coin-is-the-less/)
4. AOL — [Shiba Inu vs. Dogecoin: Which Meme Coin Is the Less Risky Bet?](https://www.aol.com/articles/shiba-inu-vs-dogecoin-meme-230500294.html)

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Cite as: TrendWatcher, "Dogecoin and Shiba Inu slide despite meme‑coin rally, Musk tease", https://www.trendwatcher.in/article/8496a75a-f2f9-4b0d-90fc-dda83de5e13d