$DOGE recently went through a long liquidation of $1.2232K at $0.13045, a move that cleared overleveraged positions and allowed the market to reset. Rather than signaling weakness, this shakeout has created a cleaner foundation for price action to rebuild. Following the liquidation, DOGE entered a short-term consolidation phase where selling pressure faded, and buyers quietly started stepping in, defending key levels and preparing for the next leg higher.
Price is now stabilizing above critical support zones, showing early signs of strength. The formation of higher lows and tightening ranges indicates that accumulation may be underway. Traders observing this pattern often see it as a signal that a bullish breakout could be imminent once resistance is challenged and momentum picks up. This is the type of setup where patience and proper positioning can pay off as market structure favors continuation over rejection.
Trade Setup
Entry Zone: $0.1285 – $0.1320
TP1: $0.1420
TP2: $0.1530
TP3: $0.1680
Stop Loss: $0.1215
Market sentiment around $DOGE is gradually turning positive as confidence rebuilds after the liquidation flush. With the current structure holding firm and buyers stepping in, the setup points toward a potential bullish recovery, giving momentum traders a clear framework to work with while respecting risk.
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