DOGE Token Faces 2.2% Dip Amid Federal Reserve Rate Cut and Tesla Payment Surge

Dogecoin (DOGEUSDT) experienced a 2.20% price decrease over the past 24 hours, trading at $0.13767 according to Binance data. The recent price movement has been attributed to ongoing market volatility following the Federal Reserve’s interest rate cut, a broader sell-off in tech stocks, and significant liquidations in the Bitcoin market, as well as ongoing speculation around a potential Dogecoin ETF. Despite short-term bullish patterns earlier in the week and increased network activity tied to Tesla’s acceptance of Dogecoin payments, DOGEUSDT has faced resistance near the $0.141–$0.142 range. The asset remains one of the most actively traded cryptocurrencies, with a 24-hour volume of around $1 billion and a market capitalization near $21 billion, while the price continues to consolidate within the $0.13–$0.14 band.