DOGE Breaking News: Shorts Are Liquidated, DOGE Welcomes 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 encountered a strong counterattack from shorts around the price of $0.32292, leading to short sellers liquidating positions worth $6.1242K. This event marks the forced liquidation of investors betting on DOGE's decline, further driving up the price of DOGE.
Market Trend Analysis:
Shorts Cleared: The forced exit of shorts means that there are a large number of buy orders entering the market, which could be the starting point for DOGE's rebound.
Increased Price Volatility: The dramatic fluctuations in DOGE's price indicate that market sentiment is becoming more active. If buy orders can be maintained, DOGE might see a strong upward surge.
Ideal Entry Point: If you are considering buying DOGE, the current price range between $0.310 and $0.320 is a good entry opportunity. This price range can serve as support, suitable for entry during corrections.
Future Price Targets:
First Target: If buy orders continue, DOGE is expected to break through $0.340 and rise further.
Second Target: With market sentiment remaining optimistic, DOGE may challenge $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 operate cautiously to avoid being trapped.
Trading Volume: If DOGE's trading volume shows a significant increase and breaks through $0.330, it may further drive the price up, straight towards $0.360.
Breakthrough Rebound: If buyers dominate the market, DOGE's rise may trigger a chain reaction, initiating a new 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 the target prices of $0.340 and $0.360. However, if it breaks below the support range, timely stop-loss measures are necessary to avoid exacerbating risks.
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