Dogecoin Nears Golden Cross Amid Liquidity and Technical Signals

Dogecoin is testing a key technical point on its weekly chart, as noted by crypto analyst Cantonese Cat. The price is currently around $0.2369, following a brief breakout and retest after completing a third multi-month descending trendline test.

Three bear-market trendlines have been identified, with significant expansions following each breakout.
The first breakout in September 2023 resulted in a 230% price increase.
The second breakout in October 2024 saw a 350% rise.
Currently, DOGE is performing a "return move" after breaking the third descending trendline.

Golden Cross or Another Dip?

Crypto analyst Cas Abbé highlights a potential golden cross forming on the daily chart, which could indicate an extended bullish phase.

A golden cross between the 100-day SMA ($0.2192) and the 200-day EMA ($0.2199) is developing.
Abbé considers $0.33 as a critical resistance level for triggering broader altcoin market gains.

Liquidity dynamics show significant bids at $0.18, suggesting potential retracement before a rally, as noted by Cryptoinsightuk.

Dense bids around $0.18 create a support zone, while supply above $0.30 forms resistance.
Traders are positioning for possible declines toward $0.20–0.18.

Currently trading near $0.229, DOGE faces mixed signals: historical breakout patterns and the impending golden cross suggest bullish potential, but liquidity maps hint at deeper retracements.