Usman Salis
⬤ Dogecoin is finally showing some life after spending most of late December stuck in a tight range between $0.12 and $0.15. The latest chart breakdown shows DOGE has worked through what traders call a full cycle—starting with that explosive rally earlier in the year, then a sharp dip to shake out weak hands, followed by weeks of going absolutely nowhere. Now it's pushing higher again from that base around $0.12, and the selling pressure that kept it pinned down seems to be fading. DOGE is currently trading near $0.15, which is a solid bounce from where it was sitting just a couple weeks ago.
⬤ Looking at the chart, you can see the whole story play out in phases. First came the big move up—what some analysts labeled a "bullish beauty" formation—where DOGE ripped higher before eventually cooling off. Then came the liquidity sweep, that classic move where price drops below support just long enough to trigger stop losses before bouncing right back. December was basically just dead money, with DOGE chopping sideways while everyone wondered if it was done. But now it's breaking out of that range, moving into what traders are calling a new risk-reward zone that stretches from about $0.13 on the low end to above $0.19 on the high side.
⬤ What this really means is that DOGE might have finally shaken off the sellers who were keeping a lid on it. The chart shows those dotted reference lines where the price bounced before, and if DOGE can stay above those levels, it's a decent sign that the correction phase is over. The whole pattern suggests Dogecoin has moved through the typical cycle—big rally, pullback, sideways grind, and now potentially gearing up for another push higher.
⬤ This matters because Dogecoin doesn't do subtle. When sentiment shifts, it tends to move fast and hard. If this bounce from the $0.12 base holds up, it would confirm that the downside is done and buyers are starting to step back in. But those support and resistance zones between $0.13 and $0.19 are going to be critical over the next few weeks. Break above that range convincingly, and DOGE could get interesting again. Fail to hold, and we're probably back to more sideways action.
Usman Salis
