Supporting his bullish thesis, Erick Crypto noted that liquidity is resting below DOGE’s current price level on the chart, creating the conditions for a larger move higher. He described the meme coin’s current setup as one of compression followed by potential expansion, suggesting that DOGE’s extended decline does not reflect weakness but a temporary pause before a renewed bullish wave.
Analyst Says DOGE Still Lacks StrengthHe explained that before DOGE can confirm a breakout, its price must build more buying pressure. Once this breakout occurs, the analyst expects the meme coin to climb sharply toward $0.15, reflecting a roughly 50% from current levels around $0.10. He added that traders and investors should watch closely for rising volume and stronger candles. Until then, he maintains that the market should remain cautiously optimistic.
