Dogecoin Eyes Double-Digit Rally as Key Fibonacci Level Holds

Dogecoin Eyes Double-Digit Rally as Key Fibonacci Level Holds

Dogecoin, the popular meme-inspired cryptocurrency, has recently experienced a retracement following its ascent towards the $0.3 mark. This pullback was largely driven by increased sell-offs over the past week. Interestingly, the Federal Reserve's decision to cut interest rates by a quarter of a point last week had minimal impact on the market, as this move was largely anticipated and already priced in. Consequently, the Dogecoin price remained subdued, adhering to its established downtrend. However, as the cryptocurrency market enters a new week, there is growing optimism surrounding the possibility of a recovery and a significant rally for Dogecoin. The Current Landscape of Dogecoin Crypto analyst MadWhale has highlighted several key developments that could ignite the next wave of price action for Dogecoin. Beyond the limited influence of the Fed's rate cuts on the broader crypto market, significant anticipation is building around the potential approval of multiple altcoin Exc…