Two weeks after a sharp drop that lost about 34% of its value since its peak on July 21 until last Sunday’s low, Dogecoin (DOGE) has strongly rebounded to record an increase of nearly 25% over seven days, reaching Saturday at a level of $0.2468.
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This jump has allowed Dogecoin to outperform most major currencies, at a time when risk appetite has returned to the markets after a period of caution. However, the surprise may not only be in this rise but in an imminent technical signal that could pave the way for a breakout.
U.S. Federal Reserve policy: Expectations for interest rate cuts in September have risen significantly, as the market now estimates a 90% chance of a cut, compared to 50% a week ago, according to CME FedWatch data.
Regulatory file: The end of the Ripple case against the SEC has strengthened traders' perception that the U.S. legislator has become more open to the crypto market, especially with President Trump's policies.
Government support for crypto: Trump's signing of an executive order allowing the addition of digital currencies to American retirement plans could open the door to massive financial inflows into the market.
👈 Read more: Opportunity or Threat? The ongoing debate about the regulation of cryptocurrencies.
As the release of the U.S. inflation data (CPI) approaches next Tuesday, attention is turning to whether the numbers will be lower than expected, as this result could support the decision to cut interest rates, which would be an additional catalyst for the rise of digital currencies.
The most anticipated event for Dogecoin may be the 50-day moving average crossing above the 200-day moving average, known as the Golden Cross, which is a technical signal that often precedes strong upward waves.
The last time Dogecoin recorded this pattern was in November 2024, when it subsequently rose by more than 140% within a month.
Currently, the $0.25 level represents strong resistance, with the possibility of a short-term correction, but the positive outlook remains as long as the price stays above $0.22.