There was a liquidation of $27,006,000, which 'washed out' the longs at $0.40268, causing the market to shake; it feels like the next big move is coming. Such activity often indicates that significant volatility is ahead, traders, the opportunity has arrived!
Current situation: Price: $0.40 Market sentiment: The bearish pressure has caused this liquidation, but if buyers can regroup, a rebound may not be far off. Trading volume: This liquidation was quite significant, indicating that the market is quite active, and the upcoming price movements could be quick and fierce. Good buying opportunity: Between $0.390 and $0.400, it may be worth considering a purchase. At this price level, bulls may come in to 'support the market.' Target price: Short term: First, look for $0.415, where there is some resistance. Medium term: $0.435 is a major threshold; if it breaks through, it could be even more impressive. Stop-loss point: $0.385; if it breaks below, it may drop further. Next steps: If DOGE can return to $0.405, the upward momentum might become unstoppable, and it could swiftly reach the target price. Don't forget to monitor Bitcoin and the overall market sentiment. If other major coins rise, DOGE could benefit as well.