Artem Voloskovets
⬤ Dogecoin has settled into a consolidation pattern after dropping to sweep liquidity below earlier lows. Price has stabilized on a well-defined support zone, marking a shift from the previous downtrend. The move cleared out weak positions before entering the current sideways trading phase.
⬤ After peaking earlier in the year, DOGE went through an extended decline that eventually brought it back down to the $0.12 area. The selloff included a clear liquidity sweep, but once that happened, selling pressure faded. Now price is moving in a tight range with smaller candles and lower volatility.
⬤ Right now, Dogecoin is trading directly on daily support without much follow-through in either direction. Buyers are defending this level, but sellers haven't been able to push price lower either. How DOGE behaves around this zone in the coming sessions will likely determine whether we see a recovery or further consolidation.
⬤ This setup matters for the broader crypto market since Dogecoin often reflects shifts in speculative sentiment. When a coin holds support after a liquidity sweep, it usually means the weakest hands have already been shaken out. The current range is now a key reference point for near-term direction.
Artem Voloskovets
