Dogecoin Tests $0.09-$0.10 Daily Support After Liquidity Sweep

2026-02-22 07:08:41

⬤ DOGE is at a technically significant crossroads. After months of steady selling pressure, Dogecoin has compressed into a narrow consolidation range near the $0.089-$0.10 area on the daily chart. This comes right after a long downtrend and a liquidity sweep, where price briefly dipped below prior lows before recovering back into range.

⬤ The chart tells a clear story. Earlier, DOGE enjoyed what analysts labeled a “Bullish Beauty” phase, but that was followed by a sharp breakdown and sustained corrective move. The liquidity sweep during the decline reflects stop-driven volatility, a pattern that sometimes precedes a shift in order flow DOGE Tests $0.09 Support After Months of Decline as price now sits just above the dotted daily support line, compressing in tight sideways action.

⬤ The key question is whether buyers can defend this zone. If the $0.09-$0.10 support holds, the current base could develop into an accumulation phase, with a potential upward reaction as suggested by the projection drawn on the chart Dogecoin Holds $0.09 Support Zone After Major Liquidity Sweep and a similar setup has historically preceded directional moves in both directions. A breakdown below this area, however, would invalidate the accumulation thesis and likely extend the broader downtrend.

⬤ With DOGE sitting at this critical level heading into early 2026, the next few sessions could set the tone for meme coins broadly Dogecoin Nears Breakout After Long Consolidation, Target Zone $0.14-$0.18 outlines what a confirmed recovery could look like, but for now the market is waiting for DOGE to show its hand around the current support base.

DOGE-2.46%

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