Cryptocurrency

Grok

Filecoin

Dogecoin

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 <p class="paragraph">Most cryptocurrencies have recently experienced a short squeeze following a bullish sentiment shift in the cryptocurrency market. Previously, Finbold correctly identified and reported some of these opportunities with projects like Bitcoin (BTC) and Curve (CRV).</p> 
 <p class="paragraph">A short <a rel="dofollow" title="squeeze" href="https://thebittimes.com/tag/squeeze.html">squeeze</a> happens when bearish <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency traders dominate the market, opening short positions and creating upwards high liquidity. The price soars as these positions are liquidated, triggering more liquidations in an upward cascade.</p> 
 <p class="paragraph">Notably, not many digital assets are left with potential liquidity to go through a short squeeze this week. In this context, we identified Filecoin (FIL) as the most relevant laggard with meaningful liquidations to the upside.</p> 
 <p class="paragraph">Moreover, Dogecoin (DOGE) features as the most likely short-squeezable cryptocurrency in a higher time frame. However, it is important to understand that the higher the time frame, the easier this scenario can change over time.</p> 
 <h2 class="wp-block-heading" id="h-short-squeeze-alert-for-filecoin-fil-this-week">Short squeeze alert for Filecoin (FIL) this week</h2> 
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       <h3 class="font-bold leading-6 " id="dogecoin-targets-0-1-as-addresses-grow-1-100-in-a-week"> Dogecoin targets $0.1 as addresses grow 1,100% in a week </h3> 
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       <h3 class="font-bold leading-6 " id="doge-could-go-this-high-if-it-gains-1-of-total-crypto-market-cap"> DOGE could go this high if it gains 1% of total crypto market cap </h3> 
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       <h3 class="font-bold leading-6 " id="dogecoin-price-prediction-can-doge-flip-avalanche"> Dogecoin price prediction; Can DOGE flip Avalanche? </h3> 
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       <h3 class="font-bold leading-6 " id="short-squeeze-alert-for-next-week-two-cryptocurrencies-with-potential-to-skyrocket"> Short squeeze alert for next week: Two cryptocurrencies with potential to skyrocket </h3> 
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       <h3 class="font-bold leading-6 " id="grok-ai-predicts-doge-price-for-the-end-of-2024"> Grok AI predicts DOGE price for the end of 2024 </h3> 
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 <p class="paragraph">First, Filecoin is the only <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency left with meaningful short position’s open interest, according to <em>CoinGlass’</em> 3-day and weekly heatmaps. Reaching these liquidations could drive FIL to as high as $5.5 this week. Thus accruing nearly 4% gains from the current price of $5.29.</p> 
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  <img decoding="async" width="1024" height="552" src="https://cdn.thebittimes.com/images/2024/01/31/8687f1c09b3728772857557dcefaaff5.webp" alt class="wp-image-152260" srcset="https://cdn.thebittimes.com/images/2024/01/31/8687f1c09b3728772857557dcefaaff5.webp 1024w, https://cdn.thebittimes.com/images/2024/01/31/8687f1c09b3728772857557dcefaaff5.webp 300w, https://cdn.thebittimes.com/images/2024/01/31/8687f1c09b3728772857557dcefaaff5.webp 768w, https://cdn.thebittimes.com/images/2024/01/31/8687f1c09b3728772857557dcefaaff5.webp 1536w, https://cdn.thebittimes.com/images/2024/01/31/8687f1c09b3728772857557dcefaaff5.webp 2040w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   FIL 1-week liquidation heatmap on January 26. Source: <em>CoinGlass</em>
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 </figure> 
 <h2 class="wp-block-heading" id="dogecoin-doge-short-squeeze-alert-in-higher-time-frames">Dogecoin (DOGE) short squeeze alert in higher time frames</h2> 
 <p class="paragraph">Next, Dogecoin has accumulated enough open interest in short positions to experience a short <a rel="dofollow" title="squeeze" href="https://thebittimes.com/tag/squeeze.html">squeeze</a> in February. In particular, this concentrated liquidity pool targets $0.0948 per coin in the monthly time frame.</p> 
 <p class="paragraph">This would mean a 17% surge for the leading meme coin, punishing DOGE’s short sellers. Nevertheless, Dogecoin’s lower time frames register some fresh liquidity to the downside from long-position traders, which could face liquidation before a pump.</p> 
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  <img decoding="async" width="1024" height="552" src="https://cdn.thebittimes.com/images/2024/01/31/22a9e40c23c390f3f95b685119917a0a.webp" alt class="wp-image-152261" srcset="https://cdn.thebittimes.com/images/2024/01/31/22a9e40c23c390f3f95b685119917a0a.webp 1024w, https://cdn.thebittimes.com/images/2024/01/31/22a9e40c23c390f3f95b685119917a0a.webp 300w, https://cdn.thebittimes.com/images/2024/01/31/22a9e40c23c390f3f95b685119917a0a.webp 768w, https://cdn.thebittimes.com/images/2024/01/31/22a9e40c23c390f3f95b685119917a0a.webp 1536w, https://cdn.thebittimes.com/images/2024/01/31/22a9e40c23c390f3f95b685119917a0a.webp 2040w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   DOGE 1-week liquidation heatmap on January 26. Source: <em>CoinGlass</em>
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 </figure> 
 <h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
 <p class="paragraph">The <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market is fast-changing and unpredictable. Similarly, short-<a rel="dofollow" title="squeeze" href="https://thebittimes.com/tag/squeeze.html">squeeze</a> indicators do not guarantee that these events will actually happen.</p> 
 <p class="paragraph">Short positions might increase for different reasons, including poor fundamentals or bearish news related to the project. Investors must remain cautious and consider the whole context around each potential cryptocurrency.</p> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/short-squeeze-alert-for-this-week-two-cryptocurrencies-with-potential-to-moon-tbt78289.html">https://thebittimes.com/short-squeeze-alert-for-this-week-two-cryptocurrencies-with-potential-to-moon-tbt78289.html</a></p>

Short squeeze alert for this week: Two cryptocurrencies with potential to moon

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