Dogecoin Analysis: Key Levels to Watch

In our last Dogecoin analysis, we discussed the possibility of DOGE reacting to the H1 demand zone sitting below liquidity. And guess what?

In our last Dogecoin analysis, we discussed the possibility of DOGE price reacting to the H1 demand zone sitting below liquidity. And guess what? That's exactly what happened. Surprising? Not really. If you've been following my articles, you know this is just how the market operates day in and day out. Now, the big question—what's next?

Dogecoin Analysis: Key Levels to Watch

With the price bouncing from demand, there's now a clear supply zone where DOGE price could react. If the price pushes up and grabs liquidity above, it might hit that supply before continuing downward.

But there's another interesting setup forming. If we zoom in to M15, we see a demand zone that could play a role. The reaction would be more likely if the liquidity above remains untouched. If it gets taken first, the setup changes, and we'd need to reevaluate.

Dogecoin Price Prediction: Where Do We Go from Here?

The market is never 100% predictable, and DOGE is no exception. However, based on the current price action, these are the most likely scenarios:

If the liquidity gets taken above the H1 supply zone, we can expect another bearish move down.

If the liquidity remains untouched and the price drops to the M15 demand zone, we might see another bullish reaction from DOGE price, leading to a continuation of the upward movement.

Either way, these levels are key for the next move. Stay tuned and let's see how DOGE plays out in the coming sessions.