Elon’s DOGE Gamble: Can Shiba Inus Save the Economy? 🚀🐶

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Oh hey, Dogecoin just got a 5% confidence boost thanks to Elon’s latest side hustle… which is basically just a fancy way of saying “let’s sell your old Twitter handle for crypto.” 🚀

Dogecoin had just closed its second consecutive losing week at $0.18, shedding 35% from its local top of $0.27 recorded on October 6. Meanwhile, Dogecoin was out here crying in the corner, down 35% from its little high of $0.27. Real talk: that’s not a peak, that’s just “I bought this last week.” 😢💸

Dogecoin Price Rises as Elon Musk’s X Marketplace Sparks Integration Speculation

The XHandles marketplace launch has renewed speculation of a Dogecoin integration for payments on the Musk-led platform. Speculation is flying faster than my ex’s lies on a Monday morning. Are we gonna be paying for tweets with DOGE soon? Only time will tell, but let’s just say if this goes well, my next tweet will be about how much I miss the 2000s. 🕵️♂️🧨

According to X’s official statement, the X Handle Marketplace is set to redistribute handles that are no longer in use. Eligible subscribers will be able to search, request, and purchase unused handles. Because nothing says “financial revolution” like buying back your old username. 🤷♀️

Handles are coming…

Join the waitlist at

– Handle Marketplace (@XHandles) October 19, 2025

XHandles has launched an official website, allowing prospective users to join a waitlist ahead of the full rollout. Join the waitlist, or better yet, join the waitlist for the waitlist! 🚨

Elon Musk’s affiliation with Dogecoin has been well-documented over the years, heightened when U.S. President Trump appointed him to head DOGE, the Department of Government Agency, a financial oversight body, in January 2025. Elon Musk, everyone’s favorite self-appointed CEO of the universe, was even given a government job in 2025… as the head of the Department of Government Efficiency. Because what the world needs is another Musk-led bureaucracy. 🤖🚨

Having left the role in May, Musk remains active in the Dogecoin community. Like a bad breakup you can’t get over. 💔

Dogecoin Short Traders Remain Resilient Despite Recovery Bets

While Dogecoin’s link to XHandles remains unconfirmed, derivatives traders appear split on DOGE’s near-term direction. But don’t worry, the crypto gods have plans. According to Coinglass (which is basically the financial version of a horoscope), open interest is up 10.62%, and trading volume is now $4.6 billion. That’s like if your morning coffee budget was suddenly turned into a small country’s GDP. ☕💰

Behold, the holy grail of crypto data: a graph so confusing even Elon can’t explain it. Source: Coinglass

Of the total $4.7 million in liquidations over the last 24 hours, short traders accounted for 70% of intraday losses, about $3.3 million, compared to $1.4 million from long positions. Short sellers are like the universe’s version of a passive-aggressive note: “I told you so.” 📝

Dogecoin’s long-to-short ratio sits at 0.99, indicating that bearish traders have yet to fully retreat. This suggests that while bulls are buying into the rally, short sellers continue to cover their positions, expecting the bounce to be short-lived. Classic crypto: it’s like dating a rollercoaster. 🎢

Speculation on Dogecoin’s potential integration into the XHandles marketplace could fuel more bullish bets, as observed in August 2023, when X obtained payment transmitter licenses across multiple U.S. states. If this goes through, we’ll all be paying for pizza in DOGE by 2026. 🍕

With the U.S. government shutdown weighing on financial markets, derivatives market data show traders anticipated more volatility for Dogecoin price action in the week ahead. Because nothing says “stability” like a Musk tweet and a government shutdown. 🤯

Dogecoin Price Forecast: Can Bulls Defend the $0.18 Support Zone?

After 34.6% corrections from its monthly timeframe peak, Dogecoin has rebounded 11.9% over the weekend from Friday’s lows. DOGE currently trades near the middle Bollinger Band ($0.19-$0.20), reflecting that prices have returned to neutral territories, recovering from aftershocks of the $1.2 billion crypto market liquidations on Friday. Right now, DOGE is chilling in the middle Bollinger Band at $0.19-$0.20, which is crypto-speak for “we’re not sure if we’re bullish or just taking a nap.” 😴🧠

The RSI (14) sits at 40.77. At the same time, the RSI average line at 42.19 suggests mild upward momentum but is still below the neutral 50 mark, implying Dogecoin remains in recovery mode rather than a confirmed bullish reversal. It’s like watching a toddler take one step forward and three steps back. 🚶♀️

Volume has stabilized around 154.3 million DOGE, reflecting subdued but steady demand after the capitulation seen in mid-October. A break above the $0.22 level (mid-band resistance) could confirm bullish continuation toward $0.26-$0.28, aligning with the upper Bollinger Band. If you break above that, you’re officially a crypto legend. Or a cautionary tale. 🤞

Conversely, failure to hold the $0.18 support would re-expose DOGE to lower-band targets near $0.16. That’s not a support zone, that’s a cry for help. 😭

If momentum builds and Musk’s X marketplace delivers credible Dogecoin payment integration, it could potentially set up a longer-term rally toward the psychological $1 mark. So, can DOGE hit $1? Only if Elon starts selling NFTs of his rocket doge meme. But hey, if we’re gonna crash, let’s crash in style. 🚀💸

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2025-10-19 19:59