$DOGE Short Liquidation Alert!
Coin: $DOGE
Liquidation Value: $3.5772K
Price Level: $0.38967
Here’s the breakdown of the DOGE market action and why this liquidation is sparking interest:
🔹 Price Action: DOGE unexpectedly surged, breaking through key resistance at $0.38, which triggered a massive short squeeze. Short positions trapped in this upward movement faced liquidations totaling $3.5772K at $0.38967, as bulls gained momentum.
🔹 Volume Surge: The 17% increase in volume suggests that this surge is backed by strong market interest. With short positions being forced out, DOGE could continue its rally if the buying pressure remains strong.
🔹 Market Sentiment: The sentiment around DOGE is turning bullish as traders and investors react to the sharp rally. A lot of attention is now on whether the momentum will hold above $0.38 or if it will retrace and consolidate before making another move.
🔹 Opportunity for Traders: If DOGE maintains support above $0.38, this short squeeze could continue, driving the price higher towards $0.40 or beyond. Traders may look for a buying opportunity around the $0.38 level if the price stabilizes.
Thrilling Insight: The short squeeze has set the stage for a possible uptrend, but watch for a pullback. If $0.38 holds as support, DOGE could target the next resistance around $0.42. If it fails, expect potential consolidation or downside toward $0.36.
📊 Price Targets:
Upside Potential: $0.42 - $0.45
Risk Zone: If the price breaks below $0.38, further retracement toward $0.36 is possible.
This short liquidation has the potential to fuel more upward momentum—act fast before the next move unfolds!