📉 Dogecoin faced a sharp 20% drop between Jan 5 and Jan 9, but it found solid support at $0.32. Traders and investors are watching closely as Elon Musk’s rumored interest in purchasing Liverpool FC stirs excitement in the DOGE community.
Key Highlights:
1️⃣ DOGE Support at $0.32: Despite a tough week, the price stayed above this critical zone, signaling strong investor backing.
2️⃣ $3.4B Open Interest: Even after $500M liquidations, Open Interest remains solid—only dropping 16% while price fell 20%.
3️⃣ Bullish Potential: Slowing selling pressure (Volume Delta at -$271M) hints at a possible rebound toward the $0.40 resistance.
💥 Could a short squeeze catapult DOGE past its 50-day DMA at $0.378? With leveraged traders active, renewed bullish momentum might spark a breakout.
🚨 The combination of Musk's influence and DOGE’s resilience could fuel an electrifying recovery. Watch closely as the Dogecoin community rallies behind these developments.
#Dogecoin #DOGE #ElonMusk #LiverpoolFC #Cryptotraders
Will we see $0.40 soon? Let’s discuss! Share your thoughts below!
