Dogecoin (DOGE) is currently trading at $0.264, marking a stabilization after experiencing a 20% decline over the past week. The cryptocurrency's market cap now stands at $39 billion.
A significant liquidation zone is identified at $0.27, with the potential to trigger a short squeeze should it be reached. This scenario is supported by the fact that 77% of traders on Binance are positioned long, indicating a bullish sentiment.
Furthermore, funding rates have shifted to positive, further fueling the optimism surrounding Dogecoin's price behavior.
Источник: blockonomi.com ↗