$DOGE Just Triggered a Major Short Squeeze! đą
Short positions worth $2.01K got wiped out at $0.22336âwild volatility in motion! đ„đ
đ¶ Whatâs Happening?
Although this specific liquidation size may seem modest, it occurs in a much broader context: recent DOGE action has triggered millions in liquidations within short timeframes, especially during dips to ~$0.1973 and rallies above $0.20 .
In previous spikes, DOGE saw staggering 1,000%+ liquidation imbalances and over $13âŻmillion in short liquidations within 24 hours .
đ„ The Momentum is Real
Rapid movement through the $0.20â$0.22 zone shows sensitivity around these price levels, with even $2K liquidations adding fuel to the fire.
Analysts have noted key resistance at the $0.26â$0.27 zone, whichâif flipped to supportâcould open the door to $0.30 and beyond .
đŻ Why This Matters
Every liquidation, even small ones like $2K, chips away at liquidity layersâespecially in thinly positioned markets.
Bulls already took down billions in short bets earlier this year (e.g. a projected $766M short position wipeout if DOGE hits $0.35) .
With high leverage zones above $0.34, one push past key resistance could force a cascade of short coverings and turbocharge the rally.
---
đȘïž RALLY UPDATE (Thrilling Market Pulse):
Metric Status
$0.22336 Triggered today's small short squeeze
Volume & OI High liquidity & open interest continue to attract volatility
Key Resistance $0.26â$0.27 zone
Target Zones On breakout, potential upside to $0.30+
---
đ Bottom Line: Even this smaller liquidation event feeds into the momentum machine. As DOGE navigates heavy leverage zones and strategic resistance levels, every trigger brings us closer to potential fireworksâespecially if $0.27 support holds and sharks break past $0.30.
DOGE is building tensionâbuckle up for what could be the next explosive chapter. đŁđ
#DOGE #CryptoShortSqueeze #LiquidationAlert #DOGESqueeze #MemeCoinMadness