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

Mục lục

Bitcoinist

Các bài viết khác được xuất bản trên 25 thg 3, 2024

The Fifth Richest Bitcoin Address Makes an Extremely Radical Move

Altcoin Rises as Market Stabilizes from Meme Token Volatility

Bitcoin pro traders were unmoved by BTC’s sell-off, data points to new price highs

Analysts Tip Kelexo for Huge Gains, Sparking Interest Among DOGE and SHIB Holders

Solana’s Major Breakthrough Spurs Investor Confidence

Challenges and Considerations in Integrating AI for Diversity and Inclusion

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!