Dogecoin Soars to $0.24 as Fed Rate Cut Hopes Ignite Meme Coin Rally

Powell Sparks the Rally: DOGE Jumps on Rate Cut Hopes

It started with one sentence.

At the Jackson Hole symposium, Jerome Powell acknowledged a “shifting balance of risks” — hinting the Fed could cut rates as early as September 2025.

Markets reacted instantly:

• Equities surged
• Bitcoin reclaimed $116K
• Ethereum hit a new all-time high
• Dogecoin exploded from $0.208 to $0.242 in hours

This wasn’t just FOMO.
It was macro-driven momentum — and meme coins like DOGE are the first to ride it.

DOGE Price Action: $0.24 and Climbing

Dogecoin’s rally was explosive — and sustained.

After briefly surpassing Tron (TRX), DOGE has reasserted itself as the king of meme coins — and traders are taking notice.

Trading Volume Jumps 165% — Whale Activity Rising

The surge wasn’t quiet.

• 24-hour trading volume: $5.42 billion (up 165%)
• Exchange inflows: Rising on Binance, OKX, and Bybit
• Social volume: +90% on CryptoPanic and Santiment

This level of volume suggests real demand, not just bot-driven pumps.

And with large wallets accumulating, the whales are back in DOGE.

Technical Outlook: Triangle Breakout Could Trigger 40% Rally

Dogecoin is forming a bullish technical pattern — and it’s about to explode.

🔹 Key Levels

• Support: $0.218 (50-day SMA) — now acting as a floor
• Resistance: $0.26 → $0.29 → $0.40

🔹 Breakout Potential

• DOGE is consolidating in a symmetrical triangle on the daily chart
• A clean break above $0.26 could trigger a +40% move
• Target: $0.29 in the short term, then $0.40–$0.48 if momentum holds

As analysts note:

“If DOGE turns $0.218 into support, the next leg up is inevitable.”

Why DOGE Is Leading the Meme Charge

While other memecoins like Shiba Inu and Pepe are quiet, DOGE is moving first — and for good reasons:

• Strong brand recognition (Elon Musk, X/Twitter integration)
• Low float, high liquidity
• Real-world use cases (X payments, Doge to Ethereum bridge)
• Historical sensitivity to macro shifts

In past cycles, DOGE has been the canary in the coal mine for meme coin mania — and this rally could be the start.

Final Outlook: From Joke to Financial Force

Dogecoin started as a meme.
But in 2025, it’s becoming a macro-sensitive asset.

With:

• ✅ Fed rate cut momentum
• ✅ Technical breakout forming
• ✅ Volume and sentiment surging
• ✅ Whales accumulating

…a move to $0.40+ is no longer fantasy.

And if the altseason ignites?
$0.50–$1.00 could be on the table.

Because in crypto,

The biggest gains don’t come from the most serious projects.
They come from the ones everyone laughs at — until they don’t.

And right now, Dogecoin is laughing all the way to $0.30.