📈 Forecast for #Dogecoin ( $DOGE ) 🐕

The graph shows a heat map of DOGE liquidations over the past month. This chart helps you understand where the most significant liquidation positions are concentrated, which can indicate potential support or resistance levels.

Graph Analysis:

High elimination zones 🔥:

Areas with a brighter green color indicate where the largest eliminations are located. These zones can serve as resistance levels as investors may begin selling near these levels to avoid liquidation. The current chart shows high liquidation levels in the range of around $0.17 and $0.15.

Potential support levels 🛡️:

Zones with fewer liquidations, especially at the bottom of the chart, can act as supports. There is less selling pressure here and the price may find some support. You can see on the chart that the levels around $0.14 and $0.13 are seeing less liquidation, which could indicate potential support.

Current price movements 📉:

There has been a significant decline in the price of DOGE, which may be due to liquidations leading to increased selling pressure.Recent days have shown some recovery, but the price remains below key liquidation levels, indicating possible difficulties in overcoming resistance.

General conclusion:

Dogecoin is facing strong resistance levels in the $0.15-$0.17 zone due to high concentrations of liquidations. This may make it difficult for the price to rise further. Investors should be alert to these levels as the price may have difficulty breaking through them. The support around $0.14 and $0.13 could be significant and the price could find support here for a possible recovery.

👉 Recommendation: When trading Dogecoin, it is important to consider liquidation zones as they can greatly influence short-term price movements. Tune in to closely monitor the $0.14 and $0.17 levels.