Usman Salis
Dogecoin is sitting at a crossroads right now. After weeks of bleeding and a sharp liquidity grab below previous lows, DOGE has finally caught its breath around the $0.09-$0.10 range. This isn't just any price level - it's a major daily support zone that's been tested multiple times, and how it holds here could determine whether we're looking at a bottom or just another pit stop on the way down.
DOGE Tests Critical Support After Liquidity Sweep
The TradingView chart shows this "consolidation phase" pretty clearly. Price dropped aggressively, swept liquidity below support, and then... stopped falling. That horizontal zone around $0.089-$0.10 is where the action's happening now, and recent candles show the downside momentum is definitely slowing. "The current setup is showing signs of stabilization at a key support level," notes the analyst tracking this pattern.
What This Support Zone Really Means
Here's the thing about these technical setups - they matter because they represent real decision points. This isn't the first time DOGE has danced around critical support levels. Looking at Dogecoin Holds Key Fibonacci Support as Momentum Fades, we've seen similar tests of fib levels before. And Dogecoin Holds $0.13 Support After Liquidity Sweep documented how these liquidity grabs often lead to consolidation phases just like what we're seeing now.
The chart also references an earlier "Bullish Beauty" rectangle pattern that came before this whole mess started, showing how dramatically market conditions can shift. What's sketched out now is a potential rebound path if this support actually holds - though no breakout has confirmed anything yet.
If you zoom out, patterns like those shown in Donchian Channel Shows 3 Repeating Cycles reveal DOGE has historical precedent for bouncing from similar support zones. The question is whether history repeats.
Right now, DOGE is in that tight price range where things get interesting. Hold this base and we might see a push back toward resistance levels as sellers exhaust themselves. Break below decisively, and the downtrend stays in control. Either way, what happens at this consolidation zone will tell us everything we need to know about where Dogecoin heads next.
Usman Salis
