Market Reaction to Elon Musk's AI Dog Clip
Dogecoin showed no significant price reaction to Elon Musk's viral AI dog clip, signaling a potential fading of meme-coin hype. The video circulated widely across crypto social media channels, but Dogecoin's price remained stable, hovering near $0.158 without the typical surge in volume associated with Musk's endorsements.
And play the banjo https://t.co/eaFCb64acvpic.twitter.com/WZ59JPbHbF
— Elon Musk (@elonmusk) November 14, 2025
This lack of market response indicates a cooling phase within the meme-coin sector, where sentiment has notably diminished since October. Intraday price movements have largely adhered to pre-existing trends, with no discernible bounces, order book reconfigurations, or momentum interruptions, despite millions of impressions across X.
At the time of reporting, Dogecoin was trading at $0.1630, marking a 6.67% decrease over the preceding 24 hours and a 2.91% dip on the week. The 24-hour trading volume remained above $3.58 billion.
Technical Indicators Turn Bearish as Momentum Weakens
Current technical analysis from TradingView suggests a negative short-term outlook for Dogecoin (DOGE).
The 1-day technical indicators show the following summary:
- •Summary: Sell
- •Oscillators: Neutral (9)
- •Moving Averages: Strong Sell (14)
On the 4-hour chart, the Moving Average Convergence Divergence (MACD) indicator remains below its signal line. The Relative Strength Index (RSI), currently around 38, does not indicate an oversold condition that would suggest a rebound. The overall chart pattern reflects a persistent downtrend and a decline in enthusiasm from speculative buyers.
Long-Term Traders Still See a Bullish Structure
Despite the current short-term bearish pressures, some analysts maintain a positive long-term outlook for Dogecoin, anticipating a significant upward movement. Crypto chartist Trader Tardigrade has identified a substantial "Giant Triangle" formation on the six-month timeframe, which has been developing over five years. This pattern projects a long-term target of $1.20, contingent on Dogecoin successfully breaking out of its current consolidation phase.
$Doge/6-month#Dogecoin has been forming a Giant Triangle for 5 years, targeting at $1.2 🔥 https://t.co/Y3W6cG9wndpic.twitter.com/5Zvv3ZoYdP
— Trader Tardigrade (@TATrader_Alan) November 14, 2025
According to Trader Tardigrade, on the monthly chart, Dogecoin appears to be holding above a critical descending resistance line, which has now transitioned into a support level. This is considered a vital factor for sustaining the long-term bullish thesis.
The continuation of this long-term bullish structure will likely depend on broader market conditions, the flow of liquidity into speculative assets, and a general return of risk appetite. Currently, Dogecoin remains below its mid-trend band, and buyers have not yet demonstrated the ability to reverse the prevailing momentum.
Future Price Outlook for DOGE
In the short term, market sentiment appears to be leaning bearish. Analysts have cautioned that if selling pressure persists, a decline toward the support zone between $0.145 and $0.150 becomes a more probable scenario. Conversely, a daily closing price above $0.175 would serve as the initial indicator of a potential recovery, with an upward trajectory towards $0.20.
For the present, markets seem to be prioritizing macro-driven risk aversion over celebrity-driven hype. It is possible that even Elon Musk's influence may not be sufficient to lift Dogecoin out of its current cooldown phase, particularly while the meme-coin sector is experiencing broader pressure.
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