Gate News bot news, last weekend, the tension between Israel and Iran escalated, triggering a rapid risk-off response in global markets. Crypto Assets were no exception, DOGE (DOGE) once fell nearly 8%, then stabilized above the key technical support level, currently reported at $0.1715.
At the same time, the market generally expects the Federal Reserve to maintain interest rates between 4.25% and 4.50% and continue to reduce its balance sheet.
These macroeconomic headwinds have put heavy pressure on altcoins, especially high beta assets like DOGE.
Despite this, DOGE still finds support as buying activity rebounds to around $0.164, forming a potential double bottom pattern, which some analysts believe is the basis for consolidation.
As volatility cools and trading volume decreases, the market seems to be waiting for clearer signals to determine the next directional trend.
Source: CoinDesk
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