As the Federal Open Market Committee (FOMC) meeting approaches, analysts closely watch the Dogecoin price movements, drawing parallels to its explosive rally in 2021. Historical trends suggest a favorable FOMC announcement could significantly impact the Dogecoin price, potentially triggering a rally. 

Dogecoin Price Rally Linked To FOMC Decision

Back in January 2021, the FOMC opted to keep rates unchanged, aiming to maintain ample liquidity in the United States (US) financial markets. This decision triggered a massive shift in Dogecoin, with the meme’s price skyrocketing the next day.

A crypto analyst, ChandlerCharts, recently shared an analysis of the FOMC’s influence on Dogecoin’s future performance. Comparing two parallel charts, the analyst drew striking similarities between the Dogecoin price action in January 2021 and 2025, both of which coincided with scheduled FOMC meetings. 

The left chart shows that in January 2021, Dogecoin experienced a massive rally, surging well above the 0.618 Fibonacci extension level at the $0.01 price point. At the time, the rally coincided with the FOMC meeting and the US Presidential inauguration, with the Federal Reserve’s rate announcement serving as a key catalyst to Dogecoin’s upward momentum.

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Author: Scott Matherson

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