CandleFocus 84.9 Million Dogecoin (DOGE) Liquidated in Split Long and Short Losses
2024-11-04
Author: Content Editor
Data shows that over 84.9 million Dogecoin (DOGE) coins worth $12.8 million were liquidated in the past 24 hours, indicating that many DOGE investors remain overly leveraged. Both long and short traders suffered liquidations of around $6 million each. Despite this, market observers find DOGE's trading volume trend optimistic and anticipate a potential rebound for the meme coin. Analysts believe DOGE could reach a new high of $0.50, especially considering the possibility of a golden cross signal appearing in November. DOGE is currently trading at $0.1556, down 2.1% in the last 24 hours, but with a significant increase in trading volume.
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