$DOGE Currently, DOGE has made a slight adjustment, dropping from a peak of $0.28 to about $0.266. Data from the 7-day liquidation map shows that if the price continues to plummet towards the $0.236 mark, the total liquidation value of Long orders could reach $300 million – a figure sufficient to shake the derivatives market.
In the context of a market that is both euphoric and fragile, DOGE carries both the opportunity for a breakout and the risk of a deep correction. Leveraged traders need to be particularly vigilant about sudden price fluctuations and should closely monitor key technical levels in the coming week.
