Saad Ullah
⬤ Dogecoin has moved into a consolidation phase after sweeping liquidity earlier in the cycle. DOGE flushed out lower levels during the recent pullback and has since settled into a narrow trading range. The daily chart shows price holding steady above a well-defined support zone after pulling back from earlier highs. This suggests the market is stabilizing rather than preparing for another leg down.
⬤ The chart reveals several clear phases in recent price action. Following a strong rally, DOGE swept through liquidity on the downside before compression set in. Since then, the token has traded in a tight range with reduced volatility. Price continues to respect the same support level, showing that selling momentum has cooled compared to earlier sessions.
⬤ The current structure shows small-bodied candles and limited range expansion—classic signs of indecision rather than directional conviction. While no breakout has materialized yet, this pause suggests the market is resetting rather than breaking down. The consolidation above support is noteworthy given Dogecoin's high liquidity and sensitivity to broader sentiment. How DOGE resolves this range could influence near-term momentum across related assets, especially following the liquidity reset highlighted in recent analysis.
Saad Ullah
