DOGE Jumps 3.89% as Bullish Surge, $1.67B Volume Coincide With Fed Rate Decision Anticipation

Dogecoin (DOGEUSDT) has risen 3.89% over the past 24 hours, with the current price at $0.14564 and notable trading volume concentrated near the $0.13800 support level. This price increase is primarily attributed to renewed retail interest and a surge in bullish sentiment ahead of the U.S. Federal Reserve's upcoming interest rate decision, as reflected in rising futures open interest and positive funding rates. Additionally, technical factors such as trading near the 20-day EMA and the formation of a symmetrical triangle pattern have contributed to increased volatility and heightened investor activity. In the last 24 hours, Dogecoin saw approximately $1.67 billion in trading volume, with a market capitalization of around $22.3 billion, placing it among the top 10 cryptocurrencies. The immediate outlook remains uncertain as investors closely monitor macroeconomic developments and key resistance levels.