🚀 $DOGE Unleashed: Breaks Free from Range, Bulls Charge Ahead!

Dogecoin ($DOGE) is back in the spotlight — breaking past key resistance and shaking out the bears. A sharp recovery is unfolding as bulls take charge and derivative metrics confirm growing optimism.

🔍 Quick Snapshot:

Current Price: $0.1959 (as of Tuesday)

Range Broken: $0.1863 (support) – $0.2050 (resistance)

Next Key Levels:

🔼 Resistance: $0.2074 (200 EMA) → $0.2145

🛡️ Support: $0.1863

📈 What’s Fueling the Move?

💰 Derivatives Shakeout:

Bearish traders got hit hard.

❌ Short liquidations: $2.64M

✅ Long liquidations: $1.42M

Open Interest (OI): Up 2.70% to $2.09B

24h Volume: Surged 21% to $3.44B

📊 Positive Momentum Indicators:

Financing Rate: +0.0075% — suggests growing leveraged long activity.

Long/Short Ratio: 1.06 — more traders are betting on a price increase.

Taker Buy Volume: 51.53% in last 4 hours — demand is growing.

🔧 Technical View:

DOGE’s recovery from last week’s 14% drop is technically significant. Tuesday’s breakout above the short-term range hints at renewed bullish strength, backed by volume and on-chain derivatives flow.

However, bulls must push past:

The 200-EMA resistance at $0.2074

The next major resistance at $0.2145 to confirm a breakout continuation.

🐶 Outlook:

If DOGE closes strong above $0.2074, it could trigger a wider rally and potentially retest higher psychological levels in coming sessions. Watch for increased volatility and momentum-driven action.

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