Dogecoin leads pre-FOMC rally with 12% gains: Is DOGE price headed to $0.33?

Dogecoin (DOGE) gained as much as 12% on Wednesday, leading gains in a broader relief rally across global risk markets ahead of the US Federal Reserve decision on interest rate cuts. 

DOGE/USD weekly chart. Source: Cointelegraph/TradingView

Dogecoin’s current price action is following a similar pattern, again bouncing off the same structural support and a confirmed bullish MACD crossover.

Dogecoin’s “weekly chart looks clean: bottom looks in, structure is holding,” analyst Trader Tardigrade said in a recent post on X, adding that the “next leg could send” the DOGE/USD pair to $1.

If history repeats itself, DOGE price may rally by more than 300% toward $0.33 over the next few weeks. 

As Cointelegraph reported, further confirmation of a trend reversal now hinges on the DOGE/USD pair crossing the key $0.10-$0.11 resistance zone.

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