⬤ Dogecoin has wrapped up a complete liquidity sweep that cleared out weaker positions and reset the market. After this shakeout, the token has been trading in a narrow range for weeks—a setup that typically appears before the market shifts into expansion mode with stronger upward momentum.
⬤ The recent price action shows bearish pressure fading as buyers start taking control. Following the liquidity sweep, Dogecoin has built a solid foundation within a defined range. This kind of tight consolidation has historically signaled that bigger moves are coming, especially when buying interest starts building up.
⬤ The technical picture points to a quiet shift from sellers to buyers. Dogecoin's chart shows the market stabilizing, potentially ready for an upward breakout if key resistance levels give way. This consolidation phase could fuel the next leg up as buying pressure intensifies.
⬤ What makes this development notable is the potential for a fresh bullish trend. After an extended downturn and market reset, buyers are now in the driver's seat. If Dogecoin holds its current range and pushes through resistance, it could trigger significant upside movement and potentially retest previous highs.
Saad Ullah
Saad Ullah