Usman Salis
⬤ Dogecoin has entered a stabilization phase after a clear liquidity sweep, with price holding above the $0.13 support area following weeks of downside pressure. The daily DOGE chart shows price swept below prior lows before the decline slowed—a structure that often signals short-term base formation.
⬤ DOGE formed bullish patterns earlier in the year before reversing sharply in October. That led to a prolonged decline through November and December, where price gradually compressed and selling momentum faded. The marked liquidity sweep zone suggests most sell-side pressure has been absorbed, allowing DOGE to trade sideways instead of continuing lower.
⬤ DOGE remains below key resistance, with the $0.15–$0.16 area as the next important zone to watch. A sustained move above this range would signal improving buyer control and could open the door to higher resistance levels. For now, $0.13 remains critical—losing this support could reopen downside risk.
⬤ This consolidation is worth noting for broader market sentiment, as Dogecoin often reflects shifts in speculative activity across crypto. Liquidity sweeps can mark transitions from aggressive selling to neutral positioning, especially when price stabilizes rather than trends lower. While the chart doesn't confirm a directional shift yet, it shows a change in market behavior that could influence near-term momentum if key resistance levels get reclaimed.
Usman Salis
