Dogecoin (DOGE) has entered a key demand zone following a 10% drop, indicating a potential short-term recovery if the daily price low holds.
Recent price action showed Dogecoin establishing range lows, triggering a liquidity sweep, and entering a high-demand zone, signaling short-term bullishness.
While the larger market structure remains neutral-bearish, Dogecoin is yet to breach resistance levels near $0.235-$0.24, where further buying pressure or seller activity is expected.
Technical analysis suggests a probability of a bullish move as historical data indicates a low likelihood of revisiting the current daily low and a high probability of forming a new daily high, potentially leading to a price bounce.