Dogecoin traded quietly after the Federal Reserve delivered a widely expected rate cut, holding key support as traders assessed what looser policy means for risk assets.
News background
- The Federal Reserve announced a 25 basis point cut to its benchmark rate on Wednesday, reducing the target range to 3.5%-3.75%.
- While the move marked the third cut of the year, officials pointed to growing internal disagreement.
- Some members supported further easing to protect a weakened labor market, while others warned that further cuts risk reigniting inflationary pressures.
- The mixed tone limited immediate risk following across markets, with cryptocurrency prices stabilizing rather than extending gains.
- In this context, Dogecoin continued to experience constant on-chain compromise.
- Whale wallets have accumulated approximately 480 million DOGE in recent sessions, with trading activity remaining elevated following the launch of Grayscale and Bitwise spot DOGE ETFs.
- However, ETF-related flows have so far failed to generate sustained directional momentum.
Price Action Summary
- DOGE rose 0.69% to around $0.1405 in the last 24 hours, staying firmly within its multi-week consolidation range of between $0.13 and $0.15.
- The price moved between $0.1382 and $0.1408 during the session, reflecting moderate participation despite the macro catalyst.
- Trading volume reached approximately 651.7 million tokens, about 7% above the seven-day average, suggesting positioning rather than aggressive accumulation.
- Repeated attempts to clear the resistance near $0.1425-$0.1430 were rejected, while buyers continued to defend the $0.1380 area.
Technical analysis
- Technically, DOGE remains in a compression phase. Horizontal support near $0.1380 has held through multiple tests, reinforcing its importance as a short-term floor.
- Momentum indicators remain neutral, consistent with range-bound conditions rather than trend development.
- The structure still resembles a pennant or volatility coil, implying that a sharper move is more likely to come from a breakout or breakout than from a gradual drift.
- Until the price regains the upper limit of the range, bullish attempts are likely to face selling pressure.
What traders should know
- With the Fed cut now priced in and policymakers signaling uncertainty over further easing, DOGE appears more sensitive to broader risk sentiment rather than token-specific catalysts.
- Holding above $0.1380 keeps the structure intact, but failure to recover between $0.1420 and $0.1450 suggests the upside remains limited for now.
- A sustained break above that zone would open the door towards $0.16-0.18, while a loss of $0.1380 would expose the lower end of the range near $0.13.
- For now, DOGE remains a consolidation trade in a wait-and-see market after the Fed.
