Dogecoin (DOGE) Price Analysis: Is the Memecoin Setting Up for a Major Rally?

In our previous analysis, we highlighted a crucial demand zone for Dogecoin, along with a bullish M15 structure. The price touched this demand zone to the pip and then shot up, showing strong interest from buyers.

After encountering a supply zone, DOGE has now entered a period of consolidation.

Looking at the H4 timeframe, most of the liquidity to the left has been taken, which often suggests that the price could be preparing for a good push upward.

However, there’s still an M30 supply zone that may hold, especially since there’s liquidity below that the market might grab before making another leg up.

So, is Dogecoin setting up for a major rally, or will it sweep lower liquidity first? Let’s break it all down.

Key Demand Zone Reaction

Dogecoin’s perfect reaction to the demand zone confirms that buyers are stepping in at these levels.

The M15 bullish structure remained intact, leading to a strong push upward. However, the price quickly hit a supply area, slowing down its momentum.

H4 Liquidity & Accumulation

On the H4 chart, Dogecoin has already absorbed most of the left-side liquidity, which often signals the potential for a strong move upward.

However, it hasn’t fully committed to an uptrend yet, indicating that we should still be cautious.

M30 Supply & Potential Liquidity Grab

One thing to watch closely is the M30 supply zone.

If DOGE respects this area, it could drop lower to grab liquidity before making a bigger bullish move. A break above this zone would confirm buyers are in control.

As always, the market remains unpredictable—while these are the most probable scenarios, nothing is 100% certain.

Keeping an eye on key structure changes on lower timeframes can provide better confirmation for potential entries.

Final Thoughts on Dogecoin’s Price Movement

Dogecoin is at a critical point, and the next move depends on how it reacts to these levels.

Whether you’re bullish or bearish, make sure to wait for clear confirmation before making trading decisions.