as Federal Open Market Committee (FOMC) Meeting approaches, analysts closely watch Dogecoin price movementsAnd assembly of symmetry to its explosive gathering in 2021. Historical trends indicate that a favorable FOMC advertisement can significantly affect the price of Dogecoin, which may lead to a crowd.
Rally Dogecoin Price is associated with FOMC Resolution
Once again in January 2021, FOMC chose to keep prices unchanged, with the aim of maintaining abundant liquidity in Financial markets for the United States (United States). This decision sparked a tremendous shift in DogCoin, with the high price of Meme the next day.
Candlercarts analyst, recently subscriber FOMC effect analysis on the future performance of Dogecoin. By comparing two parallel planners, the analyst directed the amazing similarities between the work of Dogecoin in January 2021 and 2025, both of which coincided with the scheduled FOMC meetings.
The left chart shows that in January 2021, Dogecoin witnessed a large gathering, as it rose much higher than the level of extension Fibonacci 0.618 at the price point of $ 0.01. At that time, the assembly coincided with the FOMC meeting and American presidential openingWith the declaration of the federal reserve rate as a major incentive for the upward dugukin momentum.
Chandler explains the current price of Dogecoin on the correct chart, with similar Historically upscale style It is revealed. Doug hovers around the level of 0.382 Fibonacci at the price point of $ 0.33. This area, which works as a support area, was previously a launch platform for Dogecoin Price Rally After the FOMC declared in 2021.
Doge is currently testing $ 0.33 The main support levelJust as it happened in 2021. The current price procedure that leads to historical patterns in January 2025 reflects historical patterns, highlighting a large gathering higher than 0.618 FIB, and climax at the level of 1.0 Vibonacci, and the subsequent decline to 0.236 FIB.
If the date and FOMC are repeated on January 28 to January 29, he prefers liquidity as happened in 2021, Chandler predicts that Dogecoin may rise to $ 0.5, which corresponds to the level of 0.618 Fibonacci. The analyst also expects that similar market conditions can lead to a stronger height of the market of $ 0.7 at the 1.0 Fibonacci level.
Based on these upscale expectations, Chandler warns investors and merchants of “restoring themselves” The fluctuation is expected to rise Before declaring FOMC. While history does not always define future market movements, similarities in market morale conditions and liquidity are a favorable average decision that makes this pivotal moment for the DOGE price.
Landing or up? The next FOMC meeting places a tone
Historically, the FOMC meeting tends eight times a year It affects the encryption marketBecause it provides an insight into the decision of the monetary policy of the Federal Reserve Mourning. Suspension On this, Daitaro, the X encryption analyst, revealed that the encryption market often displays a declining or bullish feeling that leads to FOMC meetings.
After FOMC DeclarationA real price procedure occurs, which leads to a pump or discharge in higher cryptocurrencies such as Bitcoin and Dogecoin, among other things. With the FOMC meeting specified for today and tomorrow, the market’s reaction can affect a highly favorable or negative decision on encryption prices.
Distinctive image from Adobe Stock, Chart from TradingView.com
