Dogecoin

Million

when

<h2 class="p2" id="dogecoin-price-drop-to-0-15-would-wipe-out-66-million">Dogecoin Price Drop To $0.15 Would Wipe Out $66 Million</h2> 
<p class="p2">The Dogecoin price is still holding steady above $0.17, but long traders face a threat if the price were to break down and retreat from here. According to <a href="https://www.coinglass.com/pro/futures/LiquidationMap" rel="nofollow noopener" target="_blank">data</a> from Coinglass, there are a lot of traders who would lose money if the <a href="https://bitcoinist.com/shiba-inu-outperform-dogecoin/">DOGE price</a> were to fall 10% from its current level.</p> 
<p class="p2">The liquidation heat map on the website shows that right above the $0.153 level, there is a lot of leveraged longs. A total of 2.43 million <a href="https://bitcoinist.com/shiba-inu-outperform-dogecoin/">DOGE</a> in leveraged longs have their liquidation price at this point, and a drop below this price mark would lead to massive liquidations. In total, there are $66.89 million worth of longs at this level, and a 10% drop would trigger this liquidation trend.</p> 
<p style="text-align: center;"><img loading="lazy" decoding="async" class="alignnone size-medium wp-image-289440 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-13.40.09.png?w=640&amp;resize=640%2C264" alt="Dogecoin liquidation map" width="640" height="264" srcset="https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-13.40.09.png?w=2756 2756w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-13.40.09.png?w=640&amp;resize=640%2C264 640w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-13.40.09.png?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-13.40.09.png?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-13.40.09.png?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-13.40.09.png?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-13.40.09.png?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-13.40.09.png?w=1140 1140w" sizes="(max-width: 640px) 100vw, 640px" data-recalc-dims="1">Source: Coinglass</p> 
<p class="p2">On the other end of the spectrum, there are a large number of leveraged shorts that will be liquidated if the price were to rise another 10% from here. Coinglass data shows that the liquidation volumes, if Dogecoin moves above $0.1908, would cross more than $55 million.</p> 
<p class="p2">In the shorter term, short traders stand to suffer $20 million in liquidations if the <a href="https://bitcoinist.com/big-money-eyes-dogecoin-whale-activity-explodes-600/">DOGE price</a> reaches $0.18. Whole long traders risk a similar amount if the price of the meme coin breaks down below $0.17.</p> 
<h2 class="p2" id="can-doge-price-reclaim-0-2">Can DOGE Price Reclaim $0.2?</h2> 
<p class="p2">The Dogecoin price continues to get a lot of support, and one of the most recent instances of this is the price surging when the social media platform X (formerly Twitter) announced that it had gotten a number of licenses for its money transmitter business.</p> 
<p class="p2">Crypto analysts have also shown bullishness toward the meme coin, expecting the Dogecoin price to continue to rise. One such case is from crypto analyst DonAlt who <a href="https://bitcoinist.com/crypto-pundit-predicts-price-surge-for-dogecoin/">believes that the DOGE price could reach a new all-time high with a target at $1</a>.</p> 
<p class="p2">DonAlt explains that the meme coin has being trading quite well alongside Bitcoin, so the possibility that it rallies towards $1 is high. The crypto analyst believes that <a href="https://bitcoinist.com/dogecoin-surges-x-payments-secures-3-new-licenses/">DOGE</a> is a great investment and it would be a great buy if it does dip to $1 again.</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/yPABAshh/" alt="Dogecoin price chart from Tradingview.com" width="3286" height="1530"></p>

Dogecoin Price Action: Why A 10% Drop Would Cost Traders $66 Million

Indice dei contenuti

Bitcoinist

Altri articoli pubblicati su 25 mar 2024

Ethereum ETF Decisions to Start in May

Best Crypto to Buy Now March 25 – VeChain, Immutable, Arbitrum

Dogwifhat Surges 15%, Chases Floki Inu: 'Stupidly Bullish' Investor Asks 'Coinbase List WIF Next?'

Post-Halving Bitcoin: Predictions for Price and Network Safety in the New Landscape

Dogecoin’s (DOGE) co-founder wishes for Bitcoin to hit $1M

Bitcoin Catches Traders ‘Off Guard’ as BTC Hits $70K – Here’s Why

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!