Usman Salis
⬤ Dogecoin is sitting at a crucial support zone after going through a full cycle of bullish momentum, decline, and extended sideways trading. The chart shows an earlier rally followed by a breakdown that cleared out liquidity below previous lows before stabilizing near the bottom of the range.
⬤ Following the initial rally phase, DOGE shifted into a downward move that wiped out stop losses sitting below earlier structure. The price then settled into a long consolidation that's stretched into early 2026. Right now, it's trading close to the lower boundary between roughly $0.09 and $0.11—a zone where traders have previously shown interest.
⬤ The chart shows resistance levels overhead while recent candles reveal indecision around the support area. The structure indicates the market is testing whether demand appears at this level after the range formation. This kind of base-building behavior mirrors what we've seen in other extended consolidation phases</a> where price stays range-bound before making its next directional move.
⬤ Why does this matter? Because how an asset behaves at support often determines whether it reverses course or just continues chopping sideways. If DOGE holds here, it could open up a path toward those resistance zones above. But if support fails, we're likely looking at more time spent inside this broader consolidation structure before anything meaningful happens.
Usman Salis
