Saad Ullah
⬤ Dogecoin is hanging near the bottom of its recent range after sweeping liquidity on the daily chart and taking out stops below key support. DOGE has completed this liquidity sweep and now sits deep in consolidation, bouncing around the $0.089 to $0.090 area. The chart marks this base with a clear horizontal line, showing Dogecoin trying to carve out support after weeks of downward pressure.
⬤ The daily timeframe shows an earlier "Bullish Beauty" range that gave way to a downturn, followed by liquidity sweeps and extended sideways action. Right now, everything hinges on whether that $0.089-$0.090 base can hold. If it does, we could see a relief bounce toward the $0.13 to $0.15 zone, where resistance clusters have previously capped rallies. This lines up with recent observations where analysts watched DOGE spike to $0.105 before slipping back below $0.10, highlighting how Dogecoin reacts at these crucial support levels.
⬤ Still, the bigger picture looks bearish until DOGE breaks above major resistance. The long downtrend and lower highs on the daily chart mean any relief rallies are happening inside a larger selloff pattern. Earlier coverage noted that Dogecoin must reclaim $0.135 to confirm a bottom, suggesting moves toward $0.13-$0.15 need more follow-through to signal real structural change.
⬤ This consolidation near $0.089 is the critical pivot point for Dogecoin's next move. Holding above this level could launch a relief rally back toward $0.13-$0.15, testing whether sellers are finally backing off. A breakdown below, however, would likely restart the bearish momentum. Technical patterns like the Donchian Channel showing 3 repeating cycles demonstrate how Dogecoin often finds footing at key support zones before testing the next resistance cluster, making this $0.089 base especially important to watch.
Saad Ullah
