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

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:

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.

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