Dogecoin (DOGE) rebounded from midday losses, closing 1% higher at $0.213 after a 4% intraday swing. Trading volume surged roughly 21% above weekly averages, reflecting strong participation driven by whale accumulation and ETF-related optimism.
Investor sentiment is buoyed by expectations of a potential DOGE ETF approval and anticipated Federal Reserve rate cuts. Polymarket odds for an ETF approval climbed to 71% from 51% ahead of October deadlines, signaling increased bullish interest.
Price Action: DOGE opened near $0.211, dipped to $0.207 during a midday selloff with 811M tokens traded, then recovered to $0.215 by 21:00 GMT on 949M tokens. Late-session buying pushed DOGE to $0.22 on 21M tokens, highlighting continued demand.
Broader macro expectations, including up to four Fed rate cuts by year-end, are supporting risk-on flows across crypto, boosting DOGE and other altcoins.
