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Dogecoin At Major Breakout Point As Liquidity Bottoms, Says Analyst

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Dogecoin At Major Breakout Point As Liquidity Bottoms, Says Analyst - NewsBTC

Quick Summary:

Explosive Dogecoin Setup Amid Liquidity Shift While the Global Liquidity Index has traded within a downward sloping channel – its lower boundary repeatedly capturing local lows marked by orange circles – the price of Dogecoin itself has broken out and retested a long-term sloping trend line that stretches back to its explosive price run in early 2021.

Related Reading: Dogecoin Bullish Divergence Plays Out, Analyst Maps Next Price Targets Meanwhile, the Global Liquidity Index at the top of the image has shifted within a downward price channel of its own, suggesting a broader contraction in available market liquidity over the past year.

Crypto analyst Kevin (@Kev_Capital_TA) has shared a chart that overlays the Global Liquidity Index (yellow, plotted above) on top of Dogecoin’s price action (candlesticks in purple, plotted below).

More Pictures

Dogecoin At Major Breakout Point As Liquidity Bottoms, Says Analyst - NewsBTC (Picture 1)Dogecoin At Major Breakout Point As Liquidity Bottoms, Says Analyst - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 13:00:34 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 438 words

Reading Time: 3 minutes read

Sentences: 69 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 27788597

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 10 posts per day

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News Last Updated: 8 hours ago

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