DOGE Price News Today: Dogecoin exits range that kept it propped up
Dogecoin experienced a 5% decline following the Federal Reserve’s rate decision, breaking below a key support level and signaling bearish momentum.Summary
Dogecoin (DOGE) has broken below the $0.1310–$0.1315 consolidation zone, indicating a shift towards bearish control after the Federal Reserve’s recent rate cut and cautious forward guidance. The decline, which saw a 5% drop during Tuesday’s session, was supported by high trading volume, confirming active selling rather than low-liquidity drift. This move occurred as meme coins underperformed during a broader market pullback, with traders reducing exposure near resistance. Technically, the loss of the $0.1310 level shifts DOGE back into a corrective phase, and rallies are likely to face selling pressure unless the level is reclaimed. Traders should watch the $0.1310–$0.1315 resistance zone and the $0.1290 and $0.1266 support levels, with volume behavior remaining a key indicator of future price movement.
(Source：CoinDesk)