Dogecoin has been relatively quiet for months
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Conversely, if DOGE extends its declines from current levels, it may revisit lower support levels, with $0.08 emerging as a formidable support.can break through the $0.11 barrier and initiate a fresh bullish trend. However, investors and traders should pay particular attention to market sentiment and broader economic conditions, as these might play a significant role in determining DOGE's next move.
The Fed is scheduled to meet on Tuesday and Wednesday, and it is largely expected to cut interest rates for the first time since the beginning of its hiking cycle in March 2022. Investors will also be seeking hints about the interest rate's future, particularly if further cuts are expected this year.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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