Massive Short Liquidation on $DOGE

The Dogecoin market just witnessed a $1.6424K short liquidation at the critical price of $0.38695. This event reflects a sudden surge in buying pressure, catching bearish traders off-guard. Short sellers betting against DOGE at this level faced intense momentum as buyers took control, pushing the price upwards.

What’s Happening.

Short liquidations occur when traders betting on a price drop (short sellers) are forced to close their positions due to rising prices. This creates a snowball effect, adding further upward pressure. The recent liquidation signifies a strong rejection of lower levels, possibly marking a turning point for $DOGE trajectory.

What’s Next for DOGE?

Key Levels to Watch:

Immediate Resistance: $0.40

Support Zone: $0.35

Potential Breakout Target: $0.45

Traders, Beware.

If the buying momentum continues, we could see more short liquidations, fueling further price action. But volatility is high, so manage your positions carefully.

Is the moon next for $DOGE . Stay tuned as the meme coin moves in style.

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