Dogecoin News Today: "Coinbase's Solana Push and Fed Uncertainty Shape Crypto's Volatile Outlook"

Dogecoin (DOGE) faces mounting pressure as it trades near $0.1587, having lost 37% of its value since the October 10 flash crash that liquidated over $19 billion in crypto assets. The meme coin's decline reflects broader market pessimism, driven by uncertainty ahead of the Federal Reserve's December monetary policy meeting and a lack of significant catalysts in the crypto sector. Fed Chair Jerome Powell's recent remarks that a rate cut is not guaranteed have exacerbated risk-off sentiment, leaving investors cautious.

Despite the bearish trend, DOGE's derivatives market shows signs of stabilization. Open Interest (OI) has risen to $1.66 billion, up from $1.37 billion in mid-November, indicating growing investor interest. The OI-Weighted Funding Rate has turned positive at 0.0076%, up from -0.0083% the previous day, as traders increasingly bet on long positions. However, the coin must hold above the $0.15 support level to avoid further declines. Technical analysts warn that a breakdown below this threshold could intensify selling pressure, potentially dragging DOGE toward $0.10.

The broader crypto market remains volatile, with Bitcoin and Ethereum also under pressure. XRP, for instance, is capped by a descending trend line at $2.72, and bulls need a close above the 50-day EMA at $2.42 to ease immediate selling pressure according to market analysis. Meanwhile, Solana's decentralized exchange (DEX) volume has surged past $1 trillion in 2025, becoming a focal point for exchanges like Coinbase. The exchange recently acquired Solana-based DEX Vector, aiming to integrate its on-chain trading tools and expand access to fast-moving markets.

Coinbase's aggressive acquisition spree - now totaling nine purchases in 2025, including Deribit and Echo - highlights the competitive landscape in crypto infrastructure. The Vector deal, however, has drawn mixed reactions from analysts. While some praise Coinbase's push to dominate Solana's booming ecosystem, others caution that the stock is flashing a major sell signal after breaking key support levels. The company's shares dropped 18% following the breakdown, with technical indicators suggesting further downward pressure.

Beyond DOGE and Solana, other crypto firms are making strategic moves. BitMine Immersion (BMNR) announced its "Made-in-America Validator Network" for Ethereum staking, set to launch in early 2026. Cipher Mining (CIFR) secured a $830 million AI-hosting deal with Fluidstack, while HIVE Digital Technologies reported record revenue in its Bitcoin mining and high-performance computing segments. These developments underscore the sector's diversification into AI and HPC, even as traditional crypto assets remain volatile.

Market observers remain divided on the path forward. While derivatives data for DOGE suggests cautious optimism, the Fed's policy uncertainty and lack of macroeconomic clarity continue to weigh on risk appetite according to analysts. For now, investors are closely watching whether DOGE can hold $0.15 and whether Coinbase's Solana-focused strategy can translate into broader market confidence.