$DOGE Shorts Crushed.

A whopping $10,044 in short positions just got liquidated as surged to $0.31712. Traders betting against the Dogecoin rally faced the heat as bulls took control.

What Happened.

Short liquidations occur when the price moves against traders who bet on a decline (short sellers). As the price of hit $0.31819, those short positions got forcefully closed, adding fuel to the price surge.

Why Is This Important.

1. Bullish Momentum: Liquidations often indicate strong upward pressure. A series of liquidations could push $DOGE higher.

2. Market Sentiment: This event reflects the growing confidence among bulls, potentially hinting at an upcoming rally.

What’s Next for

Support Zone: $0.3000 - $0.3100

Resistance Levels: $0.3200 and $0.3500

Targets: If breaches $0.3200, it might aim for $0.3400 and beyond.

Stop Loss: If retracing, look for support at $0.3000 to minimize risks.

Pro Tip: Monitor trading volumes. If volumes spike, expect more liquidations and volatility. Traders should stay cautious and manage their positions wisely.

Will $DOGE soar to new highs, or is this a temporary bull trap? Let’s see how the market reacts.

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