Dogecoin ($DOGE ) Market Update: Critical Support Under Siege, Liquidation Cascade Hits Bulls
$DOGE is trading near $0.079**, down roughly **5.5%** in 24 hours after breaking below the psychological **$0.08 support level . The move triggered $7.68 million in long liquidations, as leveraged bulls were forced out during the slide .
Key Context: The breakdown follows a failed rally earlier this week that stalled at $0.088**—the 200-day moving average—and fully retraced Friday's 5% spike . Open interest has cooled from **$1.39B to $1.22B, suggesting leverage is being flushed out rather than rebuilt .
Technical Levels: The 50-week moving average around $0.082** was the critical floor that just gave way. Below this, $DOGE printed a near **three-week low of $0.079 . Resistance now sits at $0.082–$0.088, with the next major zone at $0.090–$0.093 .
Binance Trade Setup: Given the liquidation cascade and broken support, chasing longs here is high-risk. A short on any bounce toward $0.082–$0.084 with a stop above $0.086** could target **$0.075. Only consider longs if DOGE reclaims $0.082 with volume. DYOR — meme coins cut both ways.
#DOGE #MEME #analises #BINANCE
$DOGE is trading near $0.079**, down roughly **5.5%** in 24 hours after breaking below the psychological **$0.08 support level . The move triggered $7.68 million in long liquidations, as leveraged bulls were forced out during the slide .
Key Context: The breakdown follows a failed rally earlier this week that stalled at $0.088**—the 200-day moving average—and fully retraced Friday's 5% spike . Open interest has cooled from **$1.39B to $1.22B, suggesting leverage is being flushed out rather than rebuilt .
Technical Levels: The 50-week moving average around $0.082** was the critical floor that just gave way. Below this, $DOGE printed a near **three-week low of $0.079 . Resistance now sits at $0.082–$0.088, with the next major zone at $0.090–$0.093 .
Binance Trade Setup: Given the liquidation cascade and broken support, chasing longs here is high-risk. A short on any bounce toward $0.082–$0.084 with a stop above $0.086** could target **$0.075. Only consider longs if DOGE reclaims $0.082 with volume. DYOR — meme coins cut both ways.
#DOGE #MEME #analises #BINANCE