Peter Smith
⬤ DOGE has settled into a consolidation phase after sweeping liquidity near $0.125. The price is now holding steady above this support zone following a sharp decline. The daily chart reveals that the recent sell-off cleared out liquidity below previous lows before the price shifted into a tight trading range, suggesting weakening downside pressure rather than a continued drop.
⬤ Looking at recent price movement, DOGE went through a clear cycle of expansion and correction. The token rallied strongly earlier, building a bullish structure before entering a prolonged pullback that ended with a liquidity sweep. After hitting that low point, the price stopped making fresh bottoms and began stabilizing. Since then, DOGE has been trading sideways, with daily candles bunched together in the same zone—a classic sign the market is catching its breath after the selloff.
⬤ The consolidation is happening right above the $0.125 mark, which is currently acting as a critical support floor. Volatility has died down significantly, and price action has slowed to a crawl, showing hesitation from both sides of the market. This tight range points to possible accumulation behavior, with traders sitting on the sidelines until there's a clearer signal about where the price is heading next.
⬤ What makes this consolidation phase noteworthy is that it's happening after a completed liquidity sweep, not a breakdown below support. As long as DOGE stays above $0.125, the overall structure remains healthy, leaving room for a potential bullish move once momentum picks up again. How this range resolves will likely set the tone for DOGE's short-term direction and could ripple through the broader meme-coin sector.
Peter Smith
