Dogecoin Slips To $0.22 As Liquidations Spike 200%, Crucial Support at $0.21
Dogecoin (CRYPTO: DOGE) is currently trading at $0.2219, down 2.49% in the last 24 hours and about 1.6% over the past week. The token’s price fluctuated between a daily high of $0.232 and a low of $0.2222. The turbulence in price is marked by a sharp 200% liquidation event, and delayed payments solutions by Elon Musk’s X, formerly Twitter.
DOGE underwent disruption when a 200% liquidation imbalance occurred within just one hour, causing long-position traders to incur losses totaling $123,000, according to CoinGlass. The sudden wave of liquidations sparked a swift price decline from $0.232 down to $0.2266, surprising many participants who had positioned themselves for a technical rebound.
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According to CryptoNews, Carter Feldman, CEO and founder of Psy, explained …
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