Dogecoin liquidation surged as Dogecoin price rebounded to $0.2161, triggering a 343,069% long-position liquidation imbalance in one hour; long traders lost roughly $148,880 while volume fell 21.52%, indicating short-term consolidation before a potential breakout.
Long-position liquidation imbalance: 343,069% (1 hour)
Price range: $0.2088 low → $0.224 peak; current $0.2161
Trading volume down 21.52% to $2.61 billion; longs lost ~$148,880
Dogecoin liquidation: Dogecoin price rebounds to $0.2161 after a 3.04% spike; long-position liquidations surged. Read market data and analyst outlook — act now.
What is the latest Dogecoin liquidation and price update?
Dogecoin liquidation events intensified after a 3.04% intraday rebound pushed the Dogecoin price from $0.2088 to a $0.224 peak; as of press time the price sits at $0.2161. Short-term liquidations hit long traders hard, while overall trading volume contracted 21.52% to $2.61 billion.
How did the liquidation imbalance develop so rapidly?
CoinGlass data (reported as plain text) shows a 343,069% liquidation imbalance favoring shorts within a one-hour window. That imbalance translated to approximately $148,880 lost by long holders in 60 minutes. Short positions recorded a negligible $43.39 loss in the same interval.
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CoinMarketCap data (reported as plain text) indicates trading volume fell 21.52% to $2.61 billion. Front-loaded buying that caused the brief 3.04% climb lacked follow-through buying, suggesting weaker conviction among retail and institutional participants. Lower volume increases the risk that price gains will not hold.
On-chain analyst Ali Martinez (quoted as plain text) characterizes Dogecoin as forming a consolidation triangle. Martinez notes that, under favorable market conditions, DOGE could rally up to 40%. This view depends on broader crypto market strength, notably Bitcoin momentum due to DOGE’s historical correlation with BTC.
Consolidation patterns often precede volatility expansion. The consolidation triangle described by Ali Martinez suggests price compression; traders should watch breakout direction and volume confirmation. If Bitcoin strengthens, DOGE historically tends to follow, which would increase the probability of an upside break.
Key risks include low trading volume, high liquidation concentration among long holders, and network governance concerns reported as Qubic network takeover discussions. These factors can amplify volatility and create asymmetrical downside risk during sudden BTC moves.
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Source: https://en.coinotag.com/dogecoin-could-consolidate-before-breakout-as-long-liquidations-spike-and-volume-falls/