Dogecoin Liquidation Map Highlights This Zone as Must-Watch Target

Key Points

1. Dogecoin (DOGE) traded close to $0.20, down by over 3% in the past 24 hours and 10% over the last week, with a daily trading volume of $1.4 billion.

2. CoinGlass data shows a 54% increase in volume to $5.19 billion in the past 24 hours, while open interest stands at $3.09 billion.

3. Options volume rose 30% to $17 million, and options open interest is $120,000, up 13%.

4. Open interest in DOGE futures fell from 19.7 billion DOGE to 15.36 billion during the decline.

5. A price move into the $0.208 area could trigger a short squeeze, with long liquidations showing less pressure to the downside.

6. An inverse head and shoulders pattern is forming on the 1-hour chart, with the neckline around $0.210, which has served as short-term resistance.

7. A breakout above $0.210 with volume could push DOGE toward $0.214–$0.218, with traders watching the $0.208 level as a near-term price target.