Don't Get Fooled by This Dogecoin (DOGE) Price Action Stunner

In the last Dogecoin article, I left you with two supply zones. And like clockwork, the first one broke — no surprise there.

Why? Simple. There was liquidity resting right above it. You know the drill: price is like a magnet for liquidity. It just had to go grab it.

But the second supply zone? That’s where things got interesting. We saw a proper reaction — and if you were tracking it, you know exactly what I’m talking about.

The trade setup that followed gave us a risk-to-reward of 1:2. And here’s what that means, in plain terms: for every unit you risked, you had the chance to make 2x back.

Nothing wild, but enough to do something smart — move your stop-loss to breakeven.

That’s the sweet spot where the trade either hits your target or you get stopped out with zero loss. It’s a trader’s way of saying, “I’ve got skin in the game, but I’m not giving back what I’ve earned.”

And now? Dogecoin is at another critical moment.

Dogecoin Technical Analysis: Liquidity Above, Demand Below

If we zoom out to the 4-hour chart, we can see that Dogecoin is currently sitting in a fresh supply zone.

It’s reacting — but here’s the catch: above this zone, there’s a cluster of untouched liquidity, and just a little higher, there’s another supply zone that looks way more interesting.

Now, don’t get me wrong. This current zone could still hold — but it doesn’t scream “high conviction” to me. Not when price has all that juicy liquidity just a few candles away.

But if we shift our attention to the lower part of the chart, we can spot a demand zone that caught my attention. Why? Because it’s the one that caused the last structural break to the upside. Price shot out of it like it had a purpose. And you know what that means — if we ever return to it, it could become a key reaction area once again.

Dogecoin Price Outlook: What Are We Watching For Next?

Look — we’ve been around this game long enough to know one thing for sure: the market doesn’t care about our opinions. We can map scenarios, study liquidity, and mark up our charts till midnight, but at the end of the day, Dogecoin will do what Dogecoin wants.

That said, here’s what I’m personally watching:

Finally, we're keeping an eye on the potential for a triple-bottom pattern to form. If price manages to hold at this demand zone and then bounces back, creating a third test of the same level, we might just see the emergence of a triple-bottom pattern.

This pattern is typically bullish and could set the stage for a substantial price increase. However, it's important to note that the formation of such a pattern depends entirely on how price reacts in the coming days.

Final Thoughts

To wrap it up: one supply zone failed, the second gave us a solid R:R play. Dogecoin now sits in a zone with liquidity above and demand below — and we’re watching both.

That’s trading. That’s Dogecoin. And that’s why we love this game.