DOGE Explosive News: Shorts Are Eliminated, DOGE Welcomes a Rebound Opportunity!
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The crypto market has finally started to heat up recently, and **Dogecoin (DOGE)** has also become one of the focal points. Just now, DOGE faced a strong counterattack from shorts around the price of $0.32292, forcing short sellers to liquidate positions worth $6.1242K. This event marks that investors betting on a decline in DOGE were forced to cut losses, further driving up DOGE's price.
Market Trend Analysis:
Shorts Cleared: The forced exit of shorts indicates that there is a large amount of buying interest entering the market, which could be the starting point for DOGE's rebound.
Increased Price Volatility: The sharp fluctuations in DOGE's price indicate that market sentiment is becoming more active. If buying interest can be maintained, DOGE may experience a strong rise.
Ideal Entry Point: If you are considering buying DOGE, the current price range between $0.310 and $0.320 is a good entry point. This price range can serve as support, suitable for entering during adjustments.
Future Price Targets:
First Target: If buying interest continues, DOGE is expected to break through $0.340 and rise further.
Second Target: If market sentiment remains optimistic, DOGE may target $0.360.
Risk Warning: If DOGE's price falls below $0.310, caution is advised, as there may be further downside risk. If it drops to $0.300, it is recommended to act cautiously to avoid being trapped.
Trading Volume: If DOGE's trading volume surges and breaks above $0.330, it could further drive the price up, aiming for $0.360.
Breakthrough Rebound: If buyers dominate the market, DOGE's rise may trigger a chain reaction, leading to a new market trend.
DOGE is currently in a critical adjustment period, suitable for buying in the range of $0.310 to $0.320. If market sentiment remains positive, DOGE may experience a strong upward movement, challenging target price levels of $0.340 and $0.360. However, if it breaks below the support range, timely stop-loss measures should be taken to avoid exacerbating risk.
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