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Crypto Kevin analyst (@Kev_Capital_TA) shared a graph which superimposes the overall liquidity index (yellow, route above) in addition to the action of the Dogecoin prices (purple candlesticks, traced below). The visual comparison highlights a certain number of parallel channels and key trend lines that have already aligned themselves on the turning points in the Dogecoin trajectory.
Explosive configuration of the dation in the middle of the liquidity change
While the global liquidity index was negotiated in a downward slope channel – its lower limit capturing several times from local stockings marked by orange circles – the price of Dogecoin itself broke out and retests a long -term slope line which dates back to its explosive price at the beginning of 2021.
The graph shows that the spectacular increase in Dogecoin of less than one hundred in 2020 at its top of all time of about $ 0.74 in 2021, before retiring to what seems to be a significant support around $ 0.15. The analyst’s FIB retraction superposition shows the level of 0.382 to approximately $ 0.14225, a field of technical importance which has drawn renewed attention. Current price action is represented as settling in an area where Pluriannual descending trend line (Yellow) Rettests responds to the 0.382 FIB level, surrounded on the graph as a potential turning point.
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Meanwhile, the global liquidity index at the top of the image has moved to a downward price channel of itself, suggesting a broader contraction in the liquidity of the market available in the past year. As can be seen, each contact with the lower limit of the canal coincided with a notable turning point in the movement of Dogecoin prices.
The repeated circular markers emphasize the moments when the liquidity curve plunged and Dogecoin later developed local or macro funds. This synchronization argues that Kevin should encourage traders to be careful because it can announce a rebound if liquidity entries stabilize or start to increase.
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Why is the global liquidity index important for Dogecoin? In general, High liquidity levels Can point out a greater capital flowing in risky assets, especially mecoins like Doge. When the global liquidity index is lower, it often reflects more stringent financial conditions in the world.
Historically, the most explosive movements in Dogecoin – such as the 2021 meteoric rally – emerged when wider liquidity was increasing, promoting an environment that has helped speed up trading volumes through the cryptographic landscape.
Kevin’s graph offers no guarantee, but it underlines an area where the historic support lines of Dogecoin, the FIB retracement levels and a overall background channel all converge. It remains to be seen whether this confluence will serve as a catalyst for the next Dogecoin rally, but the graph is making a convincing case to monitor how the world liquidity index evolves – and what it could mean for the cryptocurrency inspired by the always popular meme.
At the time of the press, DOGE exchanged $ 0.15723.
Star image created with dall.e, tradingView.com graphic
