DOGE and PEPE are two major memecoins that are highly exposed to high leverage on exchanges.
DOGE is currently in two large liquidation pools: one near $0.50, related to Shorts positions, and another below $0.35. Overall, there is a slight advantage for Long positions, but regardless of the future price direction, this will result in significant liquidations. As for PEPE, its main liquidation pool is below the current price, as many traders were liquidated on December 7th following a big pump, leaving Long liquidations as the largest current concentration.
In summary, both DOGE and PEPE are in a critical moment, with liquidation pools that could trigger volatile price movements, no matter which direction the market takes.
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