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š DOGE/USDT Market Update ā Calm Before the Next Move?
Dogecoin is currently trading around $0.1502, showing a slight 24-hour dip of -0.24%. During the last session, DOGE moved within a tight range between $0.1465 (low) and $0.1534 (high), which signals consolidation and reduced volatility in the short term.
On the broader timeframe, DOGE is still under pressure. Over the last 7 days itās down -4.12%, while the 30-day performance shows a -11.32% decline. The longer trend also remains weak, with the 90-day drop near -29% and the 1-year performance down over -63%. This confirms that DOGE is still in a recovery phase after a long bearish cycle.
Looking at the order book, sellers currently have a slight edge. Sell pressure stands at 53.22%, while buy support is around 46.78%. This imbalance explains why price is struggling to push above the $0.153 resistance zone for now.
Overall, DOGE is moving sideways and building a base. A strong breakout above $0.153ā$0.155 could open the door for a short-term upside move, while a drop below $0.146 may trigger another quick sell-off. For now, patience is key as the market decides its next direction. š¦
$DOGE
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Dogecoin is currently trading around $0.1502, showing a slight 24-hour dip of -0.24%. During the last session, DOGE moved within a tight range between $0.1465 (low) and $0.1534 (high), which signals consolidation and reduced volatility in the short term.
On the broader timeframe, DOGE is still under pressure. Over the last 7 days itās down -4.12%, while the 30-day performance shows a -11.32% decline. The longer trend also remains weak, with the 90-day drop near -29% and the 1-year performance down over -63%. This confirms that DOGE is still in a recovery phase after a long bearish cycle.
Looking at the order book, sellers currently have a slight edge. Sell pressure stands at 53.22%, while buy support is around 46.78%. This imbalance explains why price is struggling to push above the $0.153 resistance zone for now.
Overall, DOGE is moving sideways and building a base. A strong breakout above $0.153ā$0.155 could open the door for a short-term upside move, while a drop below $0.146 may trigger another quick sell-off. For now, patience is key as the market decides its next direction. š¦
$DOGE
#Learnwithmubashir
#cryptocurrency #Write2Earn
Macro Shifts Signal a Potential Santa Rally for Crypto
The Federal Reserve has officially wrapped up its Quantitative Tightening (QT) program after three long years, marking a major shift in global monetary conditions. š At the same time, market expectations for a December interest rate cut are extremely high, currently standing near 90%. ā
This combination alone is enough to spark optimism across risk assets, especially crypto.
Adding more fuel to the fire, President Trump is expected to announce a new Federal Reserve Chair later this month ā a decision that could reshape future policy direction. šŗšø Meanwhile, the first regulatory proposals under the GENIUS Act are also scheduled to be introduced soon, potentially redefining how markets operate. š
Liquidity conditions are already improving. The Fed has injected $13.5 billion into the banking system, easing pressure across financial markets. š° On top of that, strategic reserves have climbed to $1.44 billion USD, a clear move aimed at restoring confidence and reducing market FUD. š”ļø
From the traditional finance side, a massive development has taken place. Vanguard ā the $11 trillion asset management giant ā has officially opened access to Bitcoin and crypto ETFs. š This step alone signals growing institutional acceptance and could unlock a fresh wave of capital into the crypto market.
On the global front, Japan is also making crypto-friendly moves by slashing its crypto tax rate from 55% down to just 20%. šÆšµ When combined with the easing U.S. monetary environment and rising institutional adoption, these factors collectively paint a bullish macro picture for digital assets. š
However, all eyes are now on the upcoming Bank of Japan (BOJ) interest rate decision. šØ If the BOJ announces a rate hike, Bitcoin and altcoins could see short-term selling pressure, similar to what happened in August. That said, Japan has also rolled out a massive $185 billion stimulus program, which could help neutralize any negative market reaction. āØ
Taking everything into account, macro conditions are aligning in favor of risk assets ā and the probability of a year-end āSanta Rallyā in crypto is now stronger than ever. šš
#Cryptocurrency #Binance #Learnwithmubashir #Write2Earn
Adding more fuel to the fire, President Trump is expected to announce a new Federal Reserve Chair later this month ā a decision that could reshape future policy direction. šŗšø Meanwhile, the first regulatory proposals under the GENIUS Act are also scheduled to be introduced soon, potentially redefining how markets operate. š
Liquidity conditions are already improving. The Fed has injected $13.5 billion into the banking system, easing pressure across financial markets. š° On top of that, strategic reserves have climbed to $1.44 billion USD, a clear move aimed at restoring confidence and reducing market FUD. š”ļø
From the traditional finance side, a massive development has taken place. Vanguard ā the $11 trillion asset management giant ā has officially opened access to Bitcoin and crypto ETFs. š This step alone signals growing institutional acceptance and could unlock a fresh wave of capital into the crypto market.
On the global front, Japan is also making crypto-friendly moves by slashing its crypto tax rate from 55% down to just 20%. šÆšµ When combined with the easing U.S. monetary environment and rising institutional adoption, these factors collectively paint a bullish macro picture for digital assets. š
However, all eyes are now on the upcoming Bank of Japan (BOJ) interest rate decision. šØ If the BOJ announces a rate hike, Bitcoin and altcoins could see short-term selling pressure, similar to what happened in August. That said, Japan has also rolled out a massive $185 billion stimulus program, which could help neutralize any negative market reaction. āØ
Taking everything into account, macro conditions are aligning in favor of risk assets ā and the probability of a year-end āSanta Rallyā in crypto is now stronger than ever. šš
#Cryptocurrency #Binance #Learnwithmubashir #Write2Earn
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