The liquidation shock in the market at a price of 0.466 has caused significant losses for many traders, especially those holding long positions. With a liquidation value of up to 47.7K USD, this is clear evidence of the severe volatility in the cryptocurrency market.

Analysis:

• Reason: The price of DOGE may have broken through important support levels, triggering a series of liquidations and worsening the situation. Investors using high leverage are the most severely affected.

• Bear action: The bears pushing the price down deeply has led to a sell-off, putting additional pressure on prices.

• Opportunity for the bulls: If the bulls can take advantage of the low price to push up and regain important resistance levels, the market could reverse positively.

Outlook:

• Bullish scenario: If DOGE maintains investor sentiment and strong buying momentum appears, we could witness a rapid recovery.

• Bearish scenario: Without support, DOGE risks continuing to lose value, especially as market sentiment becomes more negative.

For traders, this is a clear reminder of risk management and caution with leverage in the highly risky cryptocurrency market. Keep a close eye on price levels and technical signals to make informed decisions.

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