$DOGE Long Liquidation: $9.7391K at $0.29619 - What's Next.

has just seen a major liquidation of $9.7391K at $0.29619, which has caught the attention of traders.

But what does this mean for the next moves? Let’s break it down step-by-step to help you understand where we could go from here.

What’s Happening with $DOGE.

A liquidation like this shows that many traders who were holding long positions (betting on to go higher) have been forced to close their positions. This happens when the price drops and their stop-loss levels are triggered, causing a cascade of liquidations. The price at $0.29619 is crucial. If holds above this level, it could bounce back, but if it drops lower, further weakness could follow.

Next Steps for What to Watch.

1. Support Levels:

Immediate Support Zone: If $DOGE drops below $0.29619, the next major support is likely around $0.28. Watch for how price behaves in this range, as it could indicate whether a recovery or further drop is coming.

Stronger Support Zone: If $0.28 doesn't hold, the next support level is around $0.25. This could be a good buying opportunity if the price shows signs of reversing.

2. Resistance Levels:

The key resistance level to watch for any upward movement is $0.32. If $DOGE can break and hold above this, we could see it move towards $0.35 or higher.

However, if it struggles around $0.32, a pullback might be expected.

#DOGE/USDT #CorePCESignalsShift #BTCNextMove #USUALBullRun #ElSalvadorBTCReserve