<ul data-eligibleForWebStory="true">Dogecoin recently dipped below a key demand zone, indicating potential manipulation in the market.Despite showing a strong long setup initially, the price reverted to break-even levels.Current liquidity levels suggest a possible upward movement, although outcomes remain uncertain.The recent Dogecoin price action demonstrated unexpected surprises despite favorable conditions.An identified demand zone initially provided a promising setup for traders.Although a bounce occurred, many traders likely ended up back at break-even due to subsequent price movements.Liquidity plays a crucial role in market movements, with Dogecoin sweeping liquidity below a certain level.There is now a notable stack of liquidity resting above, hinting at potential future price movements.The short-term bias for Dogecoin leans bullish, considering the current market structure and liquidity positioning.However, predicting market movements with certainty remains challenging due to inherent market unpredictability.Traders are advised to be cautious and watch for confirmation signals, like structure breaks and increased volume.While there are indications favoring a bullish scenario, Dogecoin's historical unpredictability adds an element of uncertainty.The market for Dogecoin has been indecisive, with the potential for both short-term upside and extended consolidation.The current situation may be a zone for accumulation, but the direction of the market remains uncertain.Trading decisions should consider risk management strategies due to the volatile nature of Dogecoin and the broader cryptocurrency market.