DOGE is bouncing a few hours before the Federal Reserve's rate decision. Can it hold? One trader says a double bottom is under way, but the price is still under both EMAs shown on the daily c
DOGE is bouncing a few hours before the Federal Reserve's rate decision. Can it hold? One trader says a double bottom is under way, but the price is still under both EMAs shown on the daily chart.
This Dogecoin Price Prediction covers the FOMC update, the liquidation data and a step-by-step chart read.
Market data checked on October 28, 2026, at 10:41 IST, before the Fed decision.
The Dogecoin price today is up 3% to $0.07967 in 24h, outperforming a broader market that rose 1.45%. The move appears primarily driven by a beta-led recovery as Bitcoin regained footing, with no clear coin-specific catalyst visible in the provided data.
Primary reason: Beta-driven lift from Bitcoin's recovery, fueled by a return to ETF inflows.
Secondary reasons: Rotation into meme coin sector and a modest uptick in trading volume.
The FOMC, the Fed's rate-setting committee, meets on October 27 and 28. Its decision is due at 2 pm Eastern on October 28, about 11:30 pm IST. The rate sits at 3.75%–4.00% after a quarter-point hike in September, the first in about three years. Kiplinger's live coverage cites CME FedWatch odds near 90% for a hold today and 73% for a hike in December.
Higher rates can weigh on risk assets such as crypto. A hold is already expected, so Chair Kevin Warsh's tone in December may matter more than the decision itself.
The trader posted about the double bottom ongoing on the DOGE weekly chart. A double bottom is a pattern with two similar lows, and it is confirmed only after price breaks above the peak between them. CoinGabbar could not verify it.
Source: Data From X
A liquidation happens when an exchange force-closes a leveraged trade because the trader can no longer cover losses. Longs bet on a rise, and shorts bet on a fall.
Window
Total Liquidated
Long
Short
12h
$816.74K
$93.30K
$723.44K
24h
$1.11M
$281.99K
$827.00K
Source: Data From CoinGlass
Shorts took about 75% of the $1.11M liquidated over 24 hours and about 89% of the 12-hour total. Shorts lose when price rises, which fits the bounce.
Coinglass futures volume leads with Binance at $273.45M, OKX at $158.73M, Gate at $103.36M, MEXC at $90.77M and Bybit at $57.27M. The screenshot gives no time window.
DOGE rallied from about $0.07 in August to near $0.10007 in late September. It has since moved lower inside a falling channel, a pair of downward-sloping boundaries that hold price in a range.
Price made lower highs and lower lows through October and bounced near the $0.07505 level. Today's candle opened at $0.07907, ranged from $0.07865 to $0.08030 and printed $0.07967.
Price is about 2.2% under the 20 EMA and 5.4% under the 50 EMA, and the 20 EMA sits below the 50 EMA, a bearish order. The $0.08196 level sits just above the 20 EMA.
ZEC is squeezing inside a channel between, so a sharp move can come right after the Fed news. A candle close above with rising volume would show buyers taking over and could pull retail traders in, with the next resistance as the first level to watch.
A close below the lower channel line would break the structure and put next support in focus, so wait for the candle close and volume before trusting either side.
EMA
Value
Position vs Price
EMA 20 (red)
$0.08144
Above price, about 2.2%
EMA 50 (orange)
$0.08397
Above price, about 5.4%
Type
Level
Highest marked level
$0.13004
Resistance 3
$0.10007
Resistance 2
$0.09008
Resistance 1
$0.08196
Immediate support
$0.07505
Deeper support
$0.07001
Bull case: A daily close above the 20 EMA at $0.08144 and then $0.08196 would test the 50 EMA at $0.08397, with $0.09008 next.
Bear case: If DOGE closes below $0.07505, price could slide about 12% from today toward $0.07001.
Scenario
Trigger
Likely Outcome
Invalidation
Bull
Close above $0.08196
Move toward $0.08397, then $0.09008
Close below $0.07505
Base
Range of $0.07505 to $0.08144
Sideways inside the channel
Break of either level
Bear
Close below $0.07505
Slide toward $0.07001
Close back above $0.07505
It would take a gain of about 26% from $0.07967. Any DOGE price prediction toward that level needs more than a bounce, since DOGE must clear both EMAs, $0.08196 and $0.09008 first.
DOGE is still under both EMAs, so a daily close above $0.08196 would be the first real sign of strength. Until then, $0.07505 is the level to watch, because a close below it would put $0.07001 back in focus.
This article is for informational purposes only and isn't financial advice. Crypto markets are volatile. Always do your own research before making any trading decisions involving DOGE.
