A new technical analysis based on the Order Block (OB) and Candle Liquidity Sweep (CLS) model suggests that Dogecoin (DOGE) is forming a bullish reversal structure that could lead to a 50% price surge.
Dogecoin recently swept the 3-month CLS level and touched down into a well-defined Order Block, indicating a sign of institutional players absorbing sell-side pressure and preparing for a higher push.
The analysis predicts that DOGE could climb back to reclaim the 50% range of the CLS candle, with a potential price target of $0.23 - $0.25.
A shift in Dogecoin's price action and the possibility of a bullish turnaround have been observed, suggesting that DOGE's fundamentals are gaining strength and its price may have reached a bottom.