DOGE has bounced off key support between 0.14 USD and 0.17 USD, hinting at a potential breakout. While long positions dominate the derivatives market, the risks of liquidation remain high. A recent price drop to 0.14 USD illustrates continued bearish pressure, but signs of market stabilization are emerging.
With a historical high of 0.25 USD in May and recent declines, DOGE’s long liquidation dominance has dropped significantly. This shift may indicate less volatility ahead, with the current consolidation pattern possibly setting the stage for a sharp move towards 0.20 USD.
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