Dogecoin's Quiet Ride After Fed's Rate Cut

The Federal Reserve's recent rate cut didn't spark much excitement in the crypto world, especially for Dogecoin. Despite the cut, Dogecoin is still stuck between $0.13 and $0.15.

Whales Accumulate, but Price Remains Flat

Big investors, or whales, are buying up a lot of Dogecoin, but that hasn't pushed the price up much. The market seems to be waiting to see what happens next.

Fed's Disagreement Keeps Market Cautious

The Fed's decision to cut rates wasn't a surprise, but not everyone on the Fed agrees on what to do next. Some want to keep cutting rates to help the job market, while others worry about inflation. This disagreement kept the market from getting too excited.

Dogecoin is still seeing a lot of trading activity, but it's not enough to push the price out of its current range.

Technical Analysis: A Tight Range

Dogecoin's price moved a little bit, up about 0.69% to around $0.1405. It didn't go above $0.1425, which is a key level for the price to break through. If it can't go above that, it might stay stuck in this range for a while. The price is also being supported around $0.1380, so it's not likely to drop too much either.

Waiting for a Big Move

Technically, Dogecoin is in a tight range, waiting for a big move. The price is bouncing between support and resistance levels, but it's not clear which way it will break.

• If it can go above $0.1420, it might head towards $0.16–$0.18.
• But if it drops below $0.1380, it could fall to $0.13.

Conclusion: A Waiting Game

Right now, Dogecoin is waiting for the market to decide what to do next. The Fed's rate cut is already priced in, so the market is looking at other factors to decide where Dogecoin will go next. It's a waiting game, and Dogecoin is stuck in the middle.