Analyst Says DOGE’s Fate Hinges On This Level Kevin attributes a large share of crypto price direction to broader liquidity conditions, writing that "Global liquidity has shown to be throughout all of history a major driver of risk asset prices especially #Altcoins and we can see here that it has been trading perfectly in this downward channel since May of 2022 which lines up with central bank tightening of monetary policy across the globe as inflation was sky rocketing.” As global monetary authorities begin to wind down or at least slow the pace of interest rate hikes, liquidity levels may start to edge higher again.
It will continue to be absolutely vital that Dogecoin hold this level while it resets higher time frame indicators like the 3 Day MACD, Weekly Stoch RSI and 2W Stoch RSI all of which are getting very close to being fully reset.” According to Kevin’s assessment, those particular indicators—which are commonly used to gauge momentum and potential overbought or oversold conditions—are crucial for traders looking to pinpoint when Dogecoin might next see an upward price swing.
Yet crypto analyst Kevin, who posts under the handle @Kev_Capital_TA on X, has reiterated his stance that Dogecoin still holds a critical "bull market line” and builds momentum higher if broader market conditions improve.
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