Dogecoin (DOGE) rebounded from midday losses, finishing 1% higher at $0.213 after a 4% intraday swing. Trading activity surged roughly 21% above weekly averages, reflecting strong participation driven by whale accumulation and ETF optimism.
Speculation around a potential DOGE ETF approval and anticipated Federal Reserve rate cuts continues to influence price action. Polymarket odds for DOGE ETF approval jumped to 71% from 51% ahead of October deadlines, signaling growing bullish sentiment.
Price Action: DOGE opened near $0.211, dipped to $0.207 during a midday selloff with 811M tokens traded, then rallied to $0.215 by 21:00 GMT on 949M tokens. Late-session buying pushed the token to $0.22 on 21M tokens, highlighting persistent demand.
The broader macro backdrop, including expectations of up to four Fed rate cuts by year-end, supports risk-on flows in crypto, boosting DOGE alongside other altcoins.
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