DOGE Tests $0.12 Support Zone After Liquidity Sweep

• Dogecoin has swept liquidity and dropped into a strong technical support zone after weeks of correction. The chart shows DOGE hovering near the lower boundary of its range around 0.12 to 0.13 USDT, an area that previously marked turning points after extended declines. This technical setup forms the backdrop for current price action as traders watch whether consolidation can build a foundation.

• Broader policy discussions continue across the crypto sector involving proposed tax changes that industry representatives warn could trigger immediate risks including company bankruptcies and talent exodus. These structural tax concerns may weaken the operating environment for crypto firms if applied without targeted adjustments, framing part of the macro backdrop around Dogecoin even as the DOGE chart remains driven by price action and market psychology.

• Financial impact arguments in the debate include warnings that the state budget could suffer losses if activity relocates. As a counter-proposal, some suggest that an increase in profit tax would be less disruptive than changes that broadly restrict operational flexibility.

DOGE has swept liquidity and is now sitting at strong support after a long correction. This zone often acts as a reversal area, and a bounce from here could trigger a fresh upside move if momentum returns.

• Broader amendments reference a wider package that may affect job levels and key tax inflows such as personal income tax and profit tax, highlighting the potential magnitude of these decisions for the crypto market ecosystem.

• The technical focus remains clearly on Dogecoin, with the assessment showing that the meme coin has swept liquidity and now sits at strong support after a prolonged correction. This zone often acts as a reversal area, and a bounce from here could trigger a fresh upside move if momentum returns. The key question now is whether this support area attracts sustained demand as sentiment across the crypto market continues to be shaped by both technical positioning and the evolving policy environment.

My Take: The $0.12-0.13 zone represents a critical juncture for DOGE bulls. If this support holds and volume picks up, we could see a relief rally. However, without broader market momentum or policy clarity, any bounce may remain range-bound.

Source: BitGuru