- DOGE reacted to an H4 supply zone as expected
- H1 demand is now the key level to watch for a potential bounce
- If the demand fails, the price may test a lower, larger demand zone
In our previous Dogecoin analysis, we identified a potential reaction at an H4 supply zone—and that’s exactly what happened.
Now, the question is: what’s next for DOGE?
If we zoom into the H1 timeframe, things get interesting. There’s a clear H1 demand zone, which could trigger a move-up. However, the price has also left liquidity behind, meaning it might need to grab that before making a significant move.
Lower down, there’s another larger H1 demand zone, but it’s so big that entering there could mess with risk-to-reward ratios. So, should we buy now or wait? Let’s break it down.
Dogecoin Analysis: Scenarios to Consider
- Scenario 1 – Bullish Reaction at H1 Demand: If the price holds this smaller H1 demand, we could see a bounce, with the price targeting the liquidity left behind.
- Scenario 2 – Deeper Drop Before Reversal: If the first demand zone fails, Dogecoin might test the larger H1 demand, but that would bring a less favorable entry in terms of risk-to-reward.
- Scenario 3 – Continued Downside: If neither demand holds, DOGE could break lower, confirming a more bearish structure.
Dogecoin Price Prediction: What to Expect
For now, the H1 demand is the key level to watch. If price reacts positively, we could see a push back up toward previous highs. But if it breaks, DOGE could dip further before finding support.
At the end of the day, nothing is certain. The market moves how it wants, and our job is to react accordingly. Be patient, wait for confirmations, and don’t force trades!
Disclaimer: The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
