Dogecoin has rallied 10% to $0.11 in the past 24 hours, driven by speculation surrounding SpaceX's anticipated IPO. The meme coin's price action has been buoyed by reports of a potential $75 billion valuation for SpaceX, adding momentum to Dogecoin's recent upward trend. On-chain activity for Dogecoin has increased by 28%, with open interest rising from 2.4 billion to 3.7 billion DOGE, indicating fresh positions being opened. Elon Musk's confirmation of a SpaceX IPO in 2026 has further fueled interest in Dogecoin, as the cryptocurrency remains sensitive to Musk-related developments. Technical indicators show Dogecoin approaching a critical resistance level at $0.115, with potential to reach $0.13 if the current momentum continues. However, a decline below $0.1 could disrupt the bullish setup.