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Dogecoin Price Prediction: Federal Reserve rate cut fails to boost risk assets, DOGE consolidates near the key support level of $0.138
The Federal Reserve's rate cut again did not trigger a significant rebound in risk assets, and the overall crypto market remains cautious. Dogecoin (DOGE) continues to consolidate above key support levels. On Wednesday, the Federal Reserve announced a 25 basis point cut to the benchmark interest rate, bringing it to the 3.5%-3.75% range. This is the third rate cut this year, but internal disagreements over the future easing path have intensified, making it difficult for market risk appetite to be fully unleashed.
Against the backdrop of complex macro sentiment, on-chain activity for Dogecoin remains active. Large whale wallets have increased their holdings by approximately 480 million DOGE in recent days. Although the launch of Dogecoin spot ETFs by Grayscale and Bitwise has attracted market attention, it has not yet led to sustained unilateral trends.
DOGE-1.44%
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