In the past 24 hours, the price of Dogecoin (DOGE) has risen by 4%, reaching $0.1464, as the market strengthened ahead of the Federal Reserve's interest rate decision. However, its weekly decline still stands at 2.5%, with a monthly drop of 19% and a cumulative yearly decline of over 60%.
Key technical levels rebound, signals gradually strengthen
Despite the recent volatile trend, Dogecoin has successfully held the key support at $0.130 and has started to rebound. From a technical indicator perspective:
The MACD indicator has continued to rise since the low point at the end of November, gradually approaching the zero axis, and is expected to form a bullish breakout signal. The Relative Strength Index (RSI) has ended a long-term oversold state and is moving closer to the 50 midline, indicating that buying pressure is gradually increasing.
These signs indicate that Dogecoin has the basis for a technical rebound. If market sentiment aligns, it may open up a period of sustained growth.
Institutional layouts are quietly accelerating, with ETFs gradually appearing.
In addition to technical improvements, the recent dynamics of Dogecoin on the institutional side are also worth noting: Bitwise and Grayscale launched Dogecoin ETFs on the New York Stock Exchange at the end of November, while the Rex-Osprey Dogecoin ETF was listed for trading earlier in September.
Currently, Dogecoin is the only meme token in the U.S. that has been approved for an ETF, which not only highlights its leading position in the meme sector but also paves the way for future capital inflows. Although the ETF listing did not immediately drive up the coin price significantly, it created conditions for an increase after future sentiment improves.
Future trend: Pay attention to interest rate decisions and key price levels.
The market is generally focused on today's Federal Reserve interest rate decision. If a rate-cutting cycle begins, it may become a catalyst for the overall recovery of the cryptocurrency market. For Dogecoin: in the short term, if sentiment warms up, it is expected to test $0.20 before the end of the year. In the medium term, if the trend is stable, it may challenge $0.40 in the second quarter of 2026.
However, the trend still needs observation. The support at $0.130 needs to be solid, and if it breaks, it may delay the upward rhythm.
Conclusion
Dogecoin has shown positive signals both technically and in institutional layouts, but investors still need to pay attention to overall market fluctuations and macroeconomic impacts. As the leading meme coin, its trend is often highly correlated with market sentiment. It is recommended to stay alert and make rational decisions around key policy nodes.
