Dogecoin traded in a tight range following the Federal Reserve’s expected rate cut, with elevated activity failing to produce a sustained directional move as investors digested mixed policy signals.
Fed Rate Cut and Market Reaction
The Federal Reserve cut its benchmark rate by 25 basis points on Wednesday, lowering the target range to 3.5%–3.75%. While this marked the third cut of the year, the decision revealed divisions within the central bank. Some officials favored additional easing to support a softening labor market, while others warned that further cuts could reignite inflation.
The cautious tone muted risk-on sentiment, leaving crypto markets largely in consolidation. Dogecoin continued to see steady on-chain activity, with whale wallets reportedly accumulating around 480 million DOGE in recent sessions. Trading also remained elevated following the launch of spot DOGE ETFs from Grayscale and Bitwise, though these flows have yet to generate sustained price momentum.
Price Action
DOGE rose 0.69% over the past 24 hours to approximately $0.1405, remaining within its multi-week $0.13–$0.15 consolidation range. Intraday trading fluctuated between $0.1382 and $0.1408, reflecting measured participation despite the macro catalyst.
Trading volume reached roughly 651.7 million tokens, about 7% above the seven-day average, suggesting positioning activity rather than aggressive accumulation. Repeated attempts to breach resistance near $0.1425–$0.1430 were rejected, while support around $0.1380 remained firm.
Technical Outlook
From a technical perspective, Dogecoin remains in a compression phase. The $0.1380 support level has held through multiple tests, forming a key near-term floor. Momentum indicators remain neutral, consistent with range-bound conditions rather than trend formation.
The current structure resembles a pennant or volatility coil, implying that a more decisive move is likely to come from a breakout or breakdown rather than gradual drift. Until DOGE reclaims the upper boundary of its range, upside attempts are expected to encounter resistance.
Key Levels for Traders
With the Fed cut already priced in and uncertainty around further easing, Dogecoin’s near-term movement appears more tied to broader market sentiment than token-specific catalysts.
Holding above $0.1380 preserves the current structure, while repeated failures to surpass $0.1420–$0.1450 suggest limited upside for now. A sustained break above that zone could target $0.16–$0.18, whereas a drop below $0.1380 would expose the lower end of the range near $0.13.
At present, DOGE remains a consolidation trade, with investors likely taking a cautious, wait-and-see approach in the post-Fed market.
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