DOGE Price News: What Next as Dogecoin Slides Alongside Bitcoin, Memecoins
Dogecoin fell sharply following the Fed's rate cut amid risk aversion, finding short-term support at $0.1372.Summary
Dogecoin experienced a sharp breakdown below key technical support ($0.1407) as macro-driven risk aversion swept crypto markets following the Federal Reserve's 25-basis-point rate cut. Although the cut was expected, internal policy division and inflation concerns rattled risk assets, causing meme coins like DOGE to underperform as Bitcoin dropped below $90,000.
Technically, DOGE saw a capitulation event with a 348% volume surge upon breaking support, marking forced liquidation. Selling pressure faded at the session low of $0.1372, leading to a V-shaped reversal, suggesting immediate downside momentum is exhausted. Traders should watch $0.1372 as crucial short-term support; holding above it favors consolidation, while failure opens the door to $0.1354.
(Source：CoinDesk)