Technical analysis by The_Alchemist_Trader_ about Symbol DOGE on 11/2/2025

Dogecoin price is showing a local bounce after successfully testing the Value Area Low (VAL) of its current trading range. This reaction indicates that short-term buyers are defending the lower boundary, but the next move will depend heavily on how price behaves around the Point of Control (POC) — a major resistance that must be reclaimed on a closing basis for continuation to the upside. If Dogecoin fails to close above the POC, the likelihood of a rotation back toward $0.16 increases. Such a move would likely take out weak lows and absorb resting liquidity below the range before any meaningful reversal attempt occurs. Key Points: - Support Reaction: Local bounce confirmed at the Value Area Low of the range. - Major Resistance: The Point of Control must be reclaimed for bullish structure to resume. - Downside Risk: Failure to reclaim POC could lead to a liquidity sweep toward $0.16. From a structural perspective, the market remains neutral-to-bullish as long as the VAL holds. What to Expect: Watch for a decisive close above the POC to confirm bullish momentum. Otherwise, expect range-bound movement or a liquidity grab near $0.16 before a potential rotation back upward.