Dogecoin Price Eyes $0.093 as DOGE Derivatives Activity Surges

Dogecoin has been trading near $0.0848, with many believing it's poised to hit its next major upside target of $0.093.

The cryptocurrency saw a gain of about 1% on September 14 as the broader crypto market rose 1.32% to $2.65 trillion.

Investors are positioning ahead of the Senate's CLARITY Act vote and Wednesday's Federal Reserve decision, which could impact Dogecoin's price.

A recent analysis shows that DOGE recently recorded a second rebound from the lower boundary of an ascending channel, reinforcing its bullish structure.

The four-hour MACD histogram is slightly positive, indicating easing bearish pressure, but still below zero, meaning a stronger bullish reversal has yet to be confirmed.