Dogecoin is flashing signs of a major technical rebound just as global liquidity indicators hit historical bottom zones. The meme-powered crypto star has successfully broken out of a multi-year descending trendline that stems from its legendary 2021 rally—when it soared from less than a penny to a jaw-dropping $0.74.
Currently, $DOGE is retesting this long-standing trendline near the critical 0.382 Fibonacci retracement level at $0.14225, a zone often seen as the "golden gateway" for mid-cycle reversals. This retest, layered with a Fib confluence, isn't just technical noise—it's the first real structure $DOGE has formed at a key support level in months.
Overlaying this setup is the Global Liquidity Index, a broader market indicator showing how much capital is flowing across financial markets. The index has moved within a downward sloping channel, and every time it touches the lower boundary, $DOGE has reacted with a local or macro bottom—marked clearly by repeated orange circles in Kevin’s chart. The implication? DOGE seems tightly synced with global liquidity flows.
Why does this matter? Rising liquidity typically means capital is moving back into higher-risk assets—like altcoins and especially memecoins. In 2021, when liquidity surged, DOGE delivered its most explosive move yet. If the index steadies or begins to rise, we could witness a similar surge.
This setup is not a guarantee, but it’s a compelling convergence of trendline break, Fib-level retest, and macro liquidity bottoms—all signaling a potential bullish turnaround. Traders should watch both DOGE price action and the liquidity curve closely. A bounce in the Global Liquidity Index may be the catalyst that sends Dogecoin rocketing once again.
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