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Dogecoin Poised for a Comeback? Liquidity Trends Hint at Possible Surge 🚀🐶
Dogecoin has officially broken out of its long-standing downtrend, and analysts are watching closely. According to a new chart analysis, the popular memecoin is showing signs of strength — just as global liquidity appears to be nearing a potential bottom.
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Key Highlights:
Breakout Confirmed: DOGE has broken above a multi-year descending trendline — a structure dating back to its historic 2021 bull run.
Fib Watch: Price action is hovering near the 0.382 Fibonacci level at $0.14225, which aligns with the trendline retest — a high-confluence zone.
Major Support Zone: After topping at $0.74, DOGE settled around $0.15, which is now proving to be a reliable support level.
Liquidity Convergence: Every touch at the Global Liquidity Index's lower boundary (marked by orange circles) has correlated with a local bottom in DOGE's price.
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Why This Matters:
The Global Liquidity Index has a strong historical correlation with Dogecoin's major moves. High liquidity often signals capital flowing into risk-on assets, and DOGE — as a memecoin — thrives in such conditions.
As global liquidity bottoms out, and Dogecoin consolidates above key support levels, this setup may mark the beginning of a new uptrend, especially if liquidity begins to rise again.
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Final Thoughts:
This isn’t a guarantee of a breakout rally, but the alignment of technical factors and macro liquidity signals is worth watching. If history repeats, DOGE might just be gearing up for its next big leap.
DYOR and keep a close eye on liquidity metrics.
#DOGE #Dogecoin #LiquidityIndex #MemecoinMomentum #CryptoAnalysis
