Dogecoin has been quite strong over the weekend despite other assets in the crypto space taking a beating. This has seen the meme coin favor long traders during this time. However, bulls are not completely out of the woods and a drop in price from here would be detrimental to the tune of tens of millions of dollars.

Dogecoin Price Drop To $0.15 Would Wipe Out $66 Million

The Dogecoin price is still holding steady above $0.17, but long traders face a threat if the price were to break down and retreat from here. According to data from Coinglass, there are a lot of traders who would lose money if the DOGE price were to fall 10% from its current level.

儘管加密貨幣領域的其他資產遭受打擊，狗狗幣在周末仍然相當強勁。這使得模因幣在這段時間有利於多頭交易者。然而，多頭並沒有完全脫離困境，價格從這裡下跌將損害數千萬美元。狗狗幣價格跌至 0.15 美元將抹去 6,600 萬美元狗狗幣價格仍穩定在 0.17 美元以上，但如果價格下跌並從此處回落，多頭交易者將面臨威脅。根據 Coinglass 的數據，如果 DOGE 價格從目前水準下跌 10%，許多交易者都會虧損。

The liquidation heat map on the website shows that right above the $0.153 level, there is a lot of leveraged longs. A total of 2.43 million DOGE in leveraged longs have their liquidation price at this point, and a drop below this price mark would lead to massive liquidations. In total, there are $66.89 million worth of longs at this level, and a 10% drop would trigger this liquidation trend.

相關閱讀：投資天才 Cathie Wood 表示比特幣將升至 150 萬美元——原因如下網站上的清算熱圖顯示，在 0.153 美元的水平上方，有大量槓桿多頭。此時槓桿多頭總共有243萬個DOGE已達到強平價格，跌破該價格將導致大規模強平。該水準總共有價值 6,689 萬美元的多頭，下跌 10% 就會引發這種清算趨勢。

Source: Coinglass

來源：Coinglass

On the other end of the spectrum, there are a large number of leveraged shorts that will be liquidated if the price were to rise another 10% from here. Coinglass data shows that the liquidation volumes, if Dogecoin moves above $0.1908, would cross more than $55 million.

另一方面，如果價格再上漲 10%，大量槓桿空頭將被清算。 Coinglass 數據顯示，如果狗狗幣升至 0.1908 美元以上，清算量將超過 5,500 萬美元。

In the shorter term, short traders stand to suffer $20 million in liquidations if the DOGE price reaches $0.18. Whole long traders risk a similar amount if the price of the meme coin breaks down below $0.17.

從短期來看，如果 DOGE 價格達到 0.18 美元，空頭交易者將面臨 2,000 萬美元的清算損失。如果 Meme 幣的價格跌破 0.17 美元，整筆多頭交易者將面臨類似的風險。

Can DOGE Price Reclaim $0.2?

The Dogecoin price continues to get a lot of support, and one of the most recent instances of this is the price surging when the social media platform X (formerly Twitter) announced that it had gotten a number of licenses for its money transmitter business.

DOGE 價格能否重回 0.2 美元？狗狗幣價格繼續獲得大量支持，最近的例子之一就是當社交媒體平台 X（前身為 Twitter）宣布獲得多項許可後，狗狗幣價格飆升。其匯款業務。

Crypto analysts have also shown bullishness toward the meme coin, expecting the Dogecoin price to continue to rise. One such case is from crypto analyst DonAlt who believes that the DOGE price could reach a new all-time high with a target at $1.

相關閱讀：薩姆·班克曼-弗里德準備好入獄了嗎？美國政府批准出售資產加密貨幣分析師也對這種迷因幣表現出看漲態度，預計狗狗幣價格將繼續上漲。其中一個案例來自加密貨幣分析師 DonAlt，他認為 DOGE 價格可能會創下歷史新高，目標為 1 美元。

DonAlt explains that the meme coin has being trading quite well alongside Bitcoin, so the possibility that it rallies towards $1 is high. The crypto analyst believes that DOGE is a great investment and it would be a great buy if it does dip to $1 again.

DonAlt 解釋說，這款 Meme 幣與比特幣的交易情況相當不錯，因此它反彈至 1 美元的可能性很高。這位加密貨幣分析師認為，DOGE 是一項很好的投資，如果它再次跌至 1 美元，那將是一次很好的買入。

DOGE price rises to $0.17 | Source: DOGEUSD on Tradingview.com

DOGE 價格上漲至 0.17 美元 |資料來源：Tradingview.com 上的 DOGEUSD 精選圖片來自 Yahoo Finanza，圖表來自 Tradingview.com