加密货币Neutral$DOGE

Dogecoin Soars 12% in Pre-FOMC Rally: Is DOGE

A 2023-style fractal suggests Dogecoin could rise 300% toward the $0.33 area in the coming weeks.

YayaNewsFinancial news writer2026-04-30 01:30Updated: 2026-06-26 20:180 ViewsSource CoinTelegraph

YayaNews contributes financial news and market context through the YayaNews editorial workflow.

A 2023-style fractal suggests Dogecoin could rise 300% toward the $0.33 area in the coming weeks.

Dogecoin Soars 12% in Pre-FOMC Rally: Is DOGE's Bull Run Back?

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Written by

Nancy Lubale

staff writer

Reviewed by

Allen Scott

staff editor

Written by

Nancy Lubale

staff writer

Reviewed by

Allen Scott

staff editor

Dogecoin leads pre-FOMC rally with 12% gains: Is DOGE price headed to $0.33?

Markets

Published

Apr 29, 2026

Dogecoin’s latest rebound resembled bounces witnessed in mid-2023, raising the odds of a rally toward $0.33 in the coming weeks.

Dogecoin (DOGE) gained as much as 12% on Wednesday, leading gains in a broader relief rally across global risk markets ahead of the US Federal Reserve decision on interest rate cuts.

Key takeaways:

Dogecoin rallied up to 14% to $0.112 on Wednesday, outperforming the wider crypto market.

Dogecoin open interest jumped 25% in 24 hours to $1.74 billion, signaling growing derivatives interest and institutional participation.

A 2023-style fractal suggests DOGE price could rally 300% in the coming weeks.

Dogecoin open interest surges 25%

DOGE rose as much as 14% to an intraday high of $0.112 on Wednesday from a low of $0.097, outperforming the broader crypto market.

Price predictions 4/24: BTC, ETH, XRP, BNB, SOL, DOGE, HYPE, ADA, BCH, XMR

Dogecoin’s rally was fueled by several factors, including the launch of 21Shares’ physically-backed Dogecoin exchange-traded product (ETP) on Xetra, Germany’s leading electronic trading platform.

Source: X/21Shares

The memecoin’s open interest (OI) surged 25% over the last 24 hours and 46% over the last two weeks to $1.74 billion on Wednesday, signaling the return of derivatives traders.

Futures OI increasing alongside the price indicates a growing interest from institutional investors, which is generally seen as bullish, as it tends to increase liquidity and attract more trading capital.

DOGE OI across all exchanges. Source: Glassnode

Dogecoin’s rally also comes ahead of Federal Open Market Committee (FOMC) meeting on Wednesday, with market participants

pricing in a 100% chance

that interest rates will be left unchanged at 3.50%-3.75%.

DOGE’s reaction to FOMC rate cut decisions in 2025 and 2026 shows a clear pattern. The price often moved higher in the days leading up to the meeting, followed by mostly negative returns thereafter, as illustrated in the chart.

DOGE/USD daily chart. Source: Cointelegraph/

TradingView

Previous FOMC-linked corrections have coincided with sharp deleveraging phases, last seen in March, when a 15% DOGE price drop was accompanied by a $890 million decline in futures OI and $30 million in total Dogecoin liquidations.

DOGE’s 2023 fractal projects 300% price rally

The DOGE/USD pair is currently displaying a technical pattern that follows a 2023 fractal, in which Dogecoin gained 300%. The weekly chart shows the price bouncing off an ascending trend line that has supported it since mid-2022.

A bullish cross from the moving average convergence divergence (MACD) indicator also confirmed the price bottom.

DOGE/USD weekly chart. Source: Cointelegraph/

TradingView

Dogecoin’s current price action is following a similar pattern, again bouncing off the same structural support and a confirmed bullish MACD crossover.

Dogecoin’s “weekly chart looks clean: bottom looks in, structure is holding,” analyst Trader Tardigrade

said

in a recent post on X, adding that the “next leg could send” the DOGE/USD pair to $1.

If history repeats itself, DOGE price may rally by more than 300% toward $0.33 over the next few weeks.

As Cointelegraph

reported

, further confirmation of a trend reversal now hinges on the DOGE/USD pair crossing the key $0.10-$0.11 resistance zone.

This article is produced in accordance with Cointelegraph's

Editorial Policy

and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

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