Victoria Bazir
⬤ Dogecoin has settled into a stabilization phase after a sharp drop that swept liquidity below previous support levels on the daily chart. The sequence shows earlier bullish structures followed by a decisive pullback, with price now consolidating in the $0.12–$0.13 range. The recent decline looks more like a liquidity sweep than a full trend reversal.
⬤ Earlier this year, DOGE built solid momentum with rounded cup-style patterns and higher lows. These formations drove strong rallies that pushed Dogecoin toward $0.25–$0.26 before selling pressure kicked in, triggering a sharp drop below key support.
⬤ After the selloff, price action compressed into a tight liquidity zone with smaller candles and lower volatility. This suggests a cooling-off period after flushing out weak hands, not necessarily the start of another leg down. Key resistance levels sit overhead, while former support now caps short-term bounces.
⬤ This consolidation matters for the broader market since Dogecoin often launches into strong moves after liquidity-driven resets. The current structure shows a market in balance—momentum has cooled and traders are feeling out the next direction. How DOGE moves from this base could ripple across higher-risk crypto assets that tend to amplify speculative swings.
Victoria Bazir
