Technical Analysis Reveals Dogecoin’s Market Move: Was It a Liquidity Sweep?

Dogecoin experienced a significant drop below its psychologically important $0.20 support level over the weekend, mirroring Bitcoin’s decline beneath $104,000. Though some investors expressed concern over this sudden dip, technical analysis suggests this move was more than just panic selling. Cryptocurrency analysts believe it likely represents a calculated liquidity sweep, rather than an impulsive sell-off by retail traders.