$DOGE Short Liquidation Alert.
In a massive market move, $DOGE has just triggered a short liquidation of a whopping $8.5326K at a price of $0.39057. This sharp price action is causing waves in the crypto space, shaking out short positions that were betting against the Dogecoin rally.
Breakdown of the Liquidation:
Amount Liquidated: $8,532.60K
Price of Liquidation: $0.39241
Liquidation Triggered: Short positions that couldn't handle the sudden price surge.
This large liquidation signals a potential shift in market momentum, possibly leading to more upward movement as short-sellers scramble to cover their positions. As these shorts are forced to buy back into the market, it could fuel further bullish momentum for Dogecoin.
What’s Next.
Bullish Case: A continued rally toward higher resistance levels, especially if short liquidations continue to pressure the bears.
Bearish Case: A pullback could follow if the buying pressure exhausts or if profit-taking sets in.
Traders, keep an eye on $DOGE as it could see more volatility in the coming hours/days. Keep your positions tight and stay updated!
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