Ethereum

Dogecoin

Bitcoin

Million

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<p dir="ltr">The broader digital currency ecosystem is under water with the price of the top assets slipping by a mile overnight. Total market liquidations have grown to $171 million in 24 hours, with&nbsp;<a href="https://u.today/dogecoin-doge-very-bullish-recent-report-says-what-about-shib" rel="noopener noreferrer nofollow">Dogecoin</a> (DOGE) coming off as one of the most impacted digital currencies.</p>
<h2 id="dogecoin-liquidation-figures">Dogecoin liquidation figures</h2>
<p dir="ltr"><a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">Per</a> data from CoinGlass, Dogecoin has seen a total of $3.09 million in liquidations over the past 24 hours. This figure positions the dog-themed meme coin as the third asset, after Bitcoin (BTC) and Ethereum (ETH), with the most liquidations.&nbsp;</p>
<p dir="ltr">Per the data, long traders suffered the worst capital melt-off as a total of $2.89 million was liquidated from this group. Short traders saw a total of $193,460. The total liquidations imply that more than 25 million Dogecoin were liquidated overnight, a figure that might imply the price bottom is in.</p>
<p dir="ltr">This liquidation was triggered as the price of DOGE slipped to $0.1191, down by 5% in the past 24 hours. At the current price, DOGE is now trading at one of its lowest levels over the past month, a trend that suggests a price floor might have formed.</p>
<h2 id="what-comes-next-for-doge">What comes next for DOGE?</h2>
<p dir="ltr">Dogecoin has very sensitive price action, often influenced by both market trends and its bullish on-chain activities. Should the bottom have finally formed, chances are that DOGE will start printing a major price rebound from the current level.</p>
<p dir="ltr">The ambitious resurgence in the price of the coin will be fueled by&nbsp;<a href="https://u.today/693-billion-dogecoin-doge-in-24-hours-whales-are-finally-pushing-big-numbers" rel="noopener noreferrer nofollow">whale accumulations</a> moving forward. Additionally, sustained bullish buying sentiment, showcased by the 111% jump in trading volume to $673,997,088, might also be a catalyst that will drive price resurgence across the board.</p>
<p dir="ltr">In the short term, DOGE’s price target is set at $0.1745, the highest level it has recorded over the past month.</p>

25 Million Dogecoin (DOGE) in 24 Hours, Is Market Bottom In?

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