$DOGE Long Liquidation Alert.

Total Liquidation Volume: $2,458.1

Price Level Hit: $0.38818

The crypto market never sleeps, and today it claimed yet another round of liquidations! Traders who went long on Dogecoin ($DOGE) faced a tough blow as the price touched $0.38912, triggering liquidations worth $2.45K.

What Does This Mean.

1️⃣ Long Liquidations: Traders betting on $DOGE price increase were forced out of their positions when the market moved against them.

2️⃣ Key Price Level: $0.38912 acted as a critical liquidation zone, suggesting heavy stop-losses or liquidation points clustered here.

3️⃣ Market Movement: This kind of liquidation often indicates volatility, where leveraged traders either overestimated support levels or got caught in sudden price fluctuations.

What’s Next for DOGE.

Bearish Trend: If the selling pressure persists, we might see $DOGE testing lower support levels.

Potential Rebound: However, if whales or market makers intervene, we could witness a strong bounce back.

Technical Analysis Overview.

Current Support: $0.38500

Resistance Zone: $0.40000

Buy Zone: $0.37500 - $0.38500

Targets: $0.41000 and $0.42000

Stop-Loss: Below $0.37000

Stay sharp, traders.

The crypto market can be ruthless but thrilling for those who stay informed and act wisely. Buckle up for more action as Dogecoin continues its rollercoaster ride.

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