Dogecoin (DOGE) has found support at the $0.250 level, but its growth has been sideways rather than upward. Despite this, on-chain metrics suggest that severe liquidations could be over. In the last 24 hours, $2.72 million worth of liquidations occurred, with $1.69 million from long positions and $1.03 million from short positions. This resulted in the liquidation of 10,571,652 DOGE. Long-position traders have contributed to a slight climb in DOGE's price. The trading volume has increased by 13.41% to $1.17 billion, indicating renewed investor interest. The possibility of a Dogecoin ETF approval may have fueled confidence among investors. To retest its $0.30 level, DOGE may need sustained trading volume over an extended period to reduce price volatility and avoid a death cross.



Other News from Today