Dogecoin price steadies near support after liquidity sweep, as earlier bullish cup formations on the daily chart draw attention to repeating structures during the current late-year consolidation phase period
Dogecoin traded near the $0.124 level on the Binance daily chart after a visible liquidity sweep pushed the price below support, continuing a pullback that began after the October peak zone.
The move followed months of structured price action, with earlier bullish cup formations and steady higher lows preceding expansions, making the current consolidation phase closely watched by market participants.
The chart shows Dogecoin declining through November and December after reversing from earlier highs, with the price briefly breaking below a marked support area before stabilizing near the previous demand levels zone. During mid-year trading, the asset formed a rounded bullish cup structure that resolved higher, followed by another similar formation later, which also preceded an advance toward the October high.
Analysts referencing the chart state that the latest decline resembles a classic liquidity sweep, with price moving below support levels before entering a quieter consolidation range during the current period.
The liquidity sweep marked on the chart occurs after a prolonged downtrend from October, with the price accelerating lower and then slowing as selling pressure eased near the base area shown clearly.
Previous instances on the same chart show similar sweeps followed by rounded recoveries as buyers returned once weak hands exited positions during volatile phases in earlier market cycles, clearly documented.
The current price compression after the sweep keeps Dogecoin within a narrow range, while traders compare the present behavior with historical setups shown earlier on the daily timeframe for context.
Despite earlier bullish outcomes, the chart currently shows no confirmed breakout, as price remains below prior resistance zones and continues to consolidate near support following the December trading sessions.
Analysts note that the structure remains intact as volatility contracts along the projected path on the chart, suggesting a potential rebound rather than a guaranteed outcome based on historical patterns.
With Dogecoin holding near demand after a liquidity sweep, will the repeating cup patterns shown on the chart once again precede an expansion as they did earlier during prior cycles?
Also Read: Dogecoin Slips Below $0.13: Big Attention in the Crypto World
Dogecoin price trades near a key support level after a liquidity sweep on the daily chart. Past bullish cup formations and current consolidation define the structure. Market participants now track support and resistance behavior while monitoring whether historical patterns repeat during this phase.