Dogecoin Price Eyes Major Breakout, Is A Rally To $0.7 All-Time Highs Possible?

The Dogecoin price is showing new strength after a recent shakeout in the ￰0￱ to crypto analyst Baarut, the popular meme coin could be preparing for a significant breakout move after recovering from its latest drop, forming a solid market ￰1￱ believes that with patience and proper planning, traders may soon see the next big push that could bring Dogecoin closer to its past ￰2￱ Baarut Identifies Key Setup For Dogecoin Price Next Move In his post on X, analyst Baarut provided a detailed analysis of how Dogecoin is behaving following the recent significant liquidation ￰3￱ the heavy sell-offs, the analyst says the Dogecoin price recovered strongly and showed real resilience in the ￰4￱ this recovery, the price expanded upward before moving into a phase of ￰5￱ Reading: Why This Resistance Could Trigger Another XRP Price Crash Soon This period, according to Baarut, is not ￰6￱ is where the market is gathering strength, forming structure, and creating what he calls a “liquidity zone” around $0.19319.

The liquidity zone, he explained, is crucial because it shows where weak traders have exited the market and where smart traders might be setting up for the next big ￰7￱ said he plans to enter his trade around the four-hour order block at $0.19065, setting a stop loss at $0.18606 and a take profit target at $0.21823. He believes this Dogecoin price structure gives him a clear entry area and helps control ￰8￱ analyst added that the zone around $0.19319 could act as a magnet for price movements, meaning that the market might sweep this area before reacting ￰9￱ Structure And Risk Plan Point To Potential Upside For Dogecoin Price Baarut also emphasized that understanding structure, liquidity, and risk is key to trading Dogecoin right ￰10￱ explained that his setup has a high reward-to-risk ratio, meaning the potential profit is strong compared to the limited ￰11￱ of rushing into trades, Baarut said he is observing the chart and waiting for price ￰12￱ his view, the current crypto market is not ideal for long-term holding, so it makes more sense to focus on short-to-medium term moves with clear ￰13￱ Reading: Analyst Sends Message To XRP Investors: If You Don’t Do This, You’ll Get Wrecked By keeping a tight stop loss and waiting for the market to show its direction, Baarut aims to trade safely while still taking advantage of possible ￰14￱ the trade works out as he expects, Dogecoin’s price could move toward $0.21823, which might then open the door for a larger rally toward its $0.7 all-time high.

Baarut’s Dogecoin price analysis reflects growing optimism among analysts who see the meme token building the base for a potential ￰15￱ emphasis on patience and having a clear structure shows how strategic planning could make the next Dogecoin price move one to watch ￰16￱ image created with Dall. E, chart from ￰17￱