DOGE News: US Equities Decline Following Disappointing JOLTS Report

The latest Job Openings and Labor Turnover Survey (JOLTS) report has had a significant impact on the US equity markets, leading to a decline in major indices such as the S&P 500 and Nasdaq Composite. While this news may not directly involve cryptocurrencies like DOGE, it highlights the broader economic trends that can influence investor sentiment and potentially impact the digital asset market.

US Equities Slip After Disappointing JOLTS Report

US equities slipped early in today’s session on February’s disappointing Job Openings and Labor Turnover Survey (JOLTS) report. The release shows that job openings continued to drop, while quits also declined. Hiring and firing rates were mostly unchanged, but layoffs were on the rise. The S&P 500 and Nasdaq Composite indexes fell as much as 0.7% and 0.8%, respectively, after the report was published. Job openings came in at 7.56 million, a four-year low, compared with a projected 7.63 million. Additional DOGE-related layoffs and slowdowns in federal hiring are likely not included in February’s figures. The report slightly increased the odds of a May interest rate cut from the Federal Reserve to 15.2%.

Dogecoin Hits Critical Levels: $0.18 and $0.21 Are the Key to Massive Gains

Dogecoin remains on a positive trajectory, supported by Bitcoin’s surge and renewed market optimism. Key resistance levels at $0.18 and $0.21 could determine the next major move for Dogecoin. Market volatility looms as upcoming economic data may impact overall investor sentiment. Currently, Dogecoin is trading at $0.174381 with a 24-hour trading volume of $2.51B and a market cap of $25.87B. Following the recent surge in the market, Doge price experienced a 4.71% uptick in the last 24 hours.

Whales Scoop Up 220M Dogecoin: Can DOGE Hit $0.65?

Whales accumulated over 220 million Dogecoin (DOGE) throughout March, signaling strong buying pressure. The rise in whale activity suggests Optimism over the asset’s upward trajectory. Technical indicators, including a falling wedge breakout and an oversold RSI, suggest a potential rally toward $0.22–$0.25. Analyst Javon Marks predicts a +270% surge for DOGE, targeting $0.6533 in the long run. At the current price of $0.1713, Dogecoin has seen a 1.89% gain on the daily charts, following the strength of the larger market.