In our previous analysis, we highlighted two interesting demand zones that could lead to further drops for Dogecoin. However, before the price could reach those zones, it decided to move upwards and grab liquidity from the zone above.

Did you see how quickly the price went up? It wasn't a small move.

It wasn't a random move; the price moved up while leaving a large amount of liquidity below, which might indicate that the price will move back down to those levels.

The price has now reacted to an H1 supply zone and even left behind another one.

But what does this mean for the next move? Let's take a look.

Dogecoin Price at a Turning Point? Key Supply & Demand Levels

At the moment, Dogecoin is trading at a crucial point. The price has reacted to the H1 supply zone at $0.60, which we mentioned in the previous analysis.

After the reaction, the price moved up and even closed the candlestick above the zone, which might indicate that the sellers weren't able to defend the zone after all.

After the breakout, the price moved up to the Fib level at $0.65, a zone from which the price previously bounced.

We can see that the buyers weren't strong enough to push the price higher, and the price moved back down to the H1 demand zone at $0.55.

Now, the question is: will the buyers be able to defend this zone, or will the sellers push the price lower?

If the buyers manage to defend the zone, we might see the price move up again and test the Fib level at $0.48, especially if we get a new high in the main trend.

However, if the sellers manage to push the price lower, we might see the price drop to the next demand zone at $0.40.

This will depend on the market mood and how the price reacts to the next supply/demand zone.

What’s the Best Play Here?

As always, nothing is guaranteed—markets move based on liquidity, and while these scenarios are likely, they aren't 100% certain.

But if we get:

• The price testing the Fib level at $0.48 and the buyers managing to push the price higher

Then we might get a move to the next supply zone at $0.70, which could lead to a deeper retracement.

Patience is key—wait for confirmation before jumping in!

Final Thoughts on DOGE’s Next Move

The current setup for Dogecoin is interesting, with liquidity being left both above and below. A structure break will likely give us a clearer picture.

This reminds me of a past setup where DOGE pumped, only to come right back down, grabbing liquidity before another major move. Could we see something similar here?

One thing’s for sure—the next big DOGE move is coming. Are you ready for it?