$DOGE
Long Liquidation Alert
Coin: $DOGE
Liquidation Value: $1.1081K
Price Level: $0.39003
Here’s an in-depth analysis of this DOGE liquidation:
Price Action: DOGE dropped below the $0.395 support, triggering a long liquidation worth $1.1081K at $0.39003. This move shows significant selling pressure and a shift in momentum as bullish positions were forced to close.
Volume Spike: Trading volume surged by 10%, indicating increased participation during the price drop, with liquidation amplifying the bearish sentiment.
Market Sentiment: The sentiment is now leaning bearish, with traders eyeing the next support at $0.38. Bulls need to reclaim $0.395 to stabilize and reverse the downward trend.
Opportunity for Traders:
If DOGE stabilizes near $0.39, it could present a potential buying opportunity, with targets at $0.395 and $0.40.
A sustained drop below $0.39 may lead to further downside, testing the $0.38 support level.
Key Insight: This liquidation reflects weakness in the bullish momentum. $0.39 is now a critical level, with further downside risk if it fails to hold.
Price Targets:
Upside Potential: Recovery to $0.395 - $0.40
Risk Zone: Below $0.39, potential drop toward $0.38
DOGE is under pressure—watch carefully for signs of stabilization or further decline!