Like the Federal Open Market Committee (FOMC) Meeting of approaches, analysts look closely at the Dogecoin price movementsBuilding parallel to its explosive rally in 2021. Historical trends suggest that favorable FOMC announcement could have a significant impact on the Dogecoin price, which has potentially triggered a rally.
Dogecoin Price Rally linked to the FOMC decision
In January 2021, the FOMC chose to maintain the unchanged prices, aimed at maintaining sufficient liquidity in the United States (United States) Financial markets. This decision sparked a massive change of Dogecoin, the price of the same soaked the next day.
A crypto analyst, Chandlercharts, recently common An analysis of the influence of the FOMC on the future performance of Dogecoin. By comparing two parallel graphics, the analyst attracted striking similarities between the Dogecoin price action in January 2021 and 2025, which both coincided with the program FOMC meetings.
The left graph shows that in January 2021, Dogecoin experienced a solid rally, up well above the extension level of 0.618 Fibonacci at a price of $ 0.01. At the time, the rally coincided with the FOMC meeting and the American presidential inaugurationWith the announcement of the prices of the federal reserve serving as key catalyst for momentum upwards of Dogecoin.
Chandler illustrates the structure of current Dogine prices on the right graphic, with a similar Historically optimistic optimistic deployment. Doge oscillates around the key level of 0.382 fibonacci at a price of $ 0.33. This area, acting as a support area, was previously a launch Dogecoin price rally After the FOMC announcement in 2021.
Doge currently tests $ 0.33 Key support levelJust as it did in 2021. Its current price action leading to January 2025 reflects historical models, highlighting a significant rally above the FIB 0.618, a peak at 1.0 fibonacci and a retirement subsequent to the 0.236 FIB.
If history is repeated and the next FOMC of January 28 at 29 promotes liquidity as in 2021, Chandler predicts that Dogecoin could make an arrow at $ 0.5, corresponding to the level of Fibonacci of 0.618. The analyst also provides that similar market conditions could trigger a stronger rally with a market peak of $ 0.7 at 1.0 fibonacci.
Based on these optimistic forecasts, Chandler warns investors and traders to “prepare” as volatility should increase Before the FOMC announcement. Although history does not always determine future market movements, similarities under the conditions of market feeling and liquidity from a favorable rate decision make it a central moment for the price of the DOGE.
Lower or bullish? The next FOMC meeting sets the tone
Historically, the FOMC meeting held eight times a year tends to influence the cryptography marketBecause it offers an overview of the Fed monetary policy decision. Comment On this subject, DaiTaro, a cryptographic analyst on X, revealed that the cryptography market often displays a lower or bullish feeling leading to FOMC meetings.
After the FOMC rate announcementA real price action occurs, leading to a pump or a dumping ground in the upper cryptocurrencies such as Bitcoin and Doguecoin, among others. With the FOMC meeting set for today and tomorrow, the market reaction to a favorable or negative decision could have a significant impact on the prices of cryptography.
Adobe Stock star image, tradingView.com graphic