Dogecoin (DOGE) recently moved below the August 2024 low, resulting in a notable Sell-Side Liquidity sweep. By trading beneath that key reference level, the market cleared the sell-side pool positioned under the structure and effectively relieved part of the downside pressure that had accumulated around that zone.

Dogecoin technical analysis

DOGEUSD - 1 Day Time Frame

The following price behavior added a more constructive element to the structure. During the impulsive bullish reaction, DOGE produced a clear Change in State of Delivery (CISD), indicated on the chart by the blue horizontal line. This development is significant, as it suggests that the market may have paused its clean bearish continuation and could be transitioning toward bullish delivery within the structure.

The same impulsive movement also established a new support zone, highlighted in orange. This zone now represents a key technical area that could influence whether the market continues building on the emerging bullish delivery or whether the move proves to be only a temporary reaction following the liquidity sweep.

Dogecoin price outlook

If bullish price delivery extends, potentially toward Buy-Side Liquidity levels, the support zone would need to remain intact, with price holding above it and using it as a base for continuation. Conversely, if downside delivery resumes, the market could close impulsively below the support zone, which may invalidate the bullish continuation scenario and shift probability back toward further decline.