Dogecoin Price Analysis: DOGE Tests Critical Support Amid Fed Policy Disappointment

Dogecoin (DOGE) is consolidating near a crucial support level as broader market optimism fueled by the Federal Reserve's recent policy shift fails to materialize into a sustained risk asset rally. The meme cryptocurrency, which often mirrors sentiment in the altcoin market, has been unable to capitalize on the perceived dovish turn. Analysts are closely watching the key support zone; a decisive break below could signal further downside for DOGE. The lack of a significant bullish reaction highlights ongoing caution among investors, who remain wary of macroeconomic headwinds despite central bank easing signals. Trading volume for Dogecoin remains subdued, suggesting a period of indecision as the market awaits a clearer directional catalyst.