Dogecoin price is stabilizing near $0.11 after a sharp sell-off, with a developing swing failure pattern hinting that a short-term relief bounce may be forming. DOGE rejected from $0.12 and rotated down to the $0.11 swing low. Wicks below support suggest a swing failure pattern and liquidity sweep. Holding above $0.11 opens the path for a relief bounce toward $0.12.
Dogecoin price is showing early signs of stabilization following a corrective move that unfolded after price was rejected from the $0.12 high-time-frame resistance. The rejection marked a shift in short-term momentum, with DOGE losing both the point of control and the value area low, accelerating downside pressure. Price has since rotated directly into the $0.11 swing low, a zone where historical demand has previously emerged. This behavior is drawing attention to a potential swing failure pattern (SFP) a setup that often precedes short-term reversals when confirmed by price acceptance and improving demand.
A swing failure pattern occurs when price briefly moves below a key swing low (or above a swing high) but fails to sustain acceptance beyond that level. In Dogecoin’s case, wicks below the $0.11 swing low suggest that sell-side liquidity was taken, but follow-through has been limited. Holding above the swing low on candle closes is an important early signal. This does not confirm a trend reversal on its own, but it does increase the probability of a short-term relief bounce, particularly if bullish volume begins to expand from this region.
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