DOGE Liquidity Clearing Signal is ready for Rebound

DOGE has been experiencing severe Fluctuation, soaring 44% since October 10, then dropping 9% afterwards. This dramatic price movement has made analysts and investors cautiously follow the market, uncertain about DOGE's next move.

Some people believe that, driven by renewed interest and momentum, DOGE is preparing for a large-scale pump. In contrast, others are skeptical and believe that DOGE may be entering a consolidation phase.

Top cryptocurrency analyst Bluntz recently shared Technical Analysis on DOGE, emphasizing its Fluctuation in price within 4 hours. According to Bluntz, the price has Fluctuated on both sides of this range, causing typical Liquidity sweep before significant price changes.

As DOGE is still in this turbulent environment, market participants are eagerly awaiting further signs to determine whether the next trend is a pump or a period of consolidation. Following the recent price Fluctuation, DOGE is testing key Liquidity levels in supply and demand. Market turbulence and uncertainty have intensified investors' panic, with many expecting DOGE to Rebound in the coming weeks. Top Cryptocurrency analyst Bluntz recently shared the Technical Analysis of X, focusing on the 4-hour DOGE chart, showing a trading range between $0.15 and $0.133.

Bluntz pointed out that PA first swept both sides of this range (first the high point, then the low point), and then was taken back, which usually indicates Liquidity sweeping. This kind of PA usually appears before a larger directional trend, and Bluntz believes that this may create a bullish situation for DOGE in the short term.

He believes that once DOGE decisively breaks through this established range, there may be a significant pump and the potential to propel DOGE to new highs. However, despite Bluntz's optimistic view bringing hope to investors, the current volatility and market uncertainty of DOGE may still lead to Sideways consolidation, followed by a major breakthrough. Investors are closely following the breakthrough of $0.15, which may herald the beginning of the expected pump trend.

After five days of intense fluctuation and uncertainty, the trading price of DOGE (DOGE) is $0.136. Over the past two weeks, the price has soared and is currently holding above the key resistance level of $0.12, which served as a strong resistance in September and has since turned into a crucial support level. This price point is crucial because maintaining it could indicate further bullish momentum.

The daily 200 MA at $0.128 is another key support level for DOGE. Maintaining strength above this MA will indicate long-term stability for DOGE and may push supply levels to rise. However, if the price falls below this level, it may trigger a retracement, leading to a recent Rebound similar to a short-term 'pump and dumping' scenario.

If DOGE successfully holds the $0.12 area, it may enter a healthy consolidation phase, laying the foundation for sustained pump. Investors will closely follow this level to determine whether the recent price movement can maintain momentum or will further decline.


(Data source: Sebastian Villafuerte)