Peter Smith
⬤ Dogecoin (DOGE) has hit a crucial technical level after sweeping major downside liquidity around the $0.09 mark. Price is now sitting at long-term demand following months of sideways movement.
⬤ The chart shows DOGE breaking below recent range support before finding some footing at the lower boundary. This shakeout cleared liquidity sitting beneath the range, putting price right at a zone that's shown historical buying interest.
⬤ If buyers step in here, there's potential for a bounce back toward previous range highs. But if this level fails to hold, the recovery scenario falls apart and DOGE likely stays trapped in the broader bearish structure.
⬤ What happens at this $0.09 demand zone will decide the next direction—whether Dogecoin attempts a range recovery or continues sliding lower.
Peter Smith
