25 Million Dogecoin (DOGE) in 24 Hours, Is Market Bottom In?

Digital Currency Liquidations Hit $171 Million

Dogecoin ($DOGE)

• Total liquidations in the past 24 hours: $3.09 million

• Liquidated amounts:

  • Long traders: $2.89 million
  • Short traders: $193,460
• Liquidation volume: Over 25 million DOGE

Price Movement

• DOGE price declined 5% to $0.1191
• Trading at one of its lowest levels in the past month

Outlook

• DOGE price action is influenced by market trends and bullish on-chain activities.
• A potential price bottom may have formed.
• Whale accumulations and sustained buying sentiment could fuel a price rebound.
• Short-term price target: $0.1745