Dogecoin is currently trading at $0.18, as comments from Fed Chair Powell have led to a broader selloff in the cryptocurrency market. The price of $DOGE is now testing a critical support level amid an increase in trading volume that reached $2 billion. The recent hawkish remarks from Powell have raised uncertainty regarding potential rate cuts, affecting market sentiment. This uncertainty has contributed to an 8% decline in Dogecoin’s value over the past week. As investors react to these developments, the focus remains on whether $DOGE can maintain its support at $0.18 during this volatile period.
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