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As a popular memecoin and one of the cryptocurrencies with a high market capitalization, Dogecoin has seen a sharp rise after the Federal Reserve announced a rate cut. At press time, Dogecoin is trading at $0.1045, up 4.89% in one day, and its 24-hour trading volume is up 29.09% to $663,267,835. Its market capitalization is $15,269,684,103, and its circulating supply is 146,019,236,384. At a price of $0.1155, Dogecoin has a cumulative short liquidation leverage of 11.94M; at a price of $0.0935, the cumulative long liquidation leverage is 24.82M. The coin is in a consolidation phase with a relative strength index of 52.88, and the shrinking moving average band indicates that a new trend is about to start. Analysis shows that the probability of a bullish trend is 60%, and the probability of a bearish trend is about 40%.