$DOGE recently experienced the liquidation of a short position worth $81K at a price of $0.337.
This suggests a shift in market sentiment, with the liquidation potentially driving the price of $DOGE higher.
Short liquidations can trigger a cascade effect, leading to further upward pressure as traders rush to cover their positions.
Traders should monitor key resistance levels for $DOGE to determine if this price surge is sustainable or a temporary spike.
Given the volatility in the market, caution is advised when trading DOGE in the short term.