$DOGE Short Liquidation Alert!
Coin: $DOGE
Liquidation Value: $3.5772K
Price Level: $0.38967
Hereโs the breakdown of the DOGE market action and why this liquidation is sparking interest:
๐น 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.
๐น 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.
๐น 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.
๐น 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.
๐ 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 momentumโact fast before the next move unfolds!
#DOGE #BitcoinHashRateSurge #USJoblessClaimsDrop
