Gate News bot news, Gate News bot news, last weekend, tensions between Israel and Iran escalated, triggering a quick risk-off reaction in global markets. Cryptocurrencies were no exception, with Dogecoin (DOGE) falling nearly 8% at one point before stabilizing above the key technical floor, tentatively trading at $0.1715. At the same time, the Fed is widely expected to keep interest rates between 4.25%-4.50% and continue to shrink its balance sheet. These macroeconomic headwinds have put heavy pressure on altcoins, especially high-beta assets like Dogecoin. Still, Dogecoin found support as buying activity picked up to around $0.164, forming a potential double bottom pattern, which some analysts see as the basis for consolidation. As volatility cools and trading volume drops, the market seems to be waiting for clearer signals to determine the next directional move.