DOGE Price Surge: Short Liquidations Spark Potential Breakout

Over $380 million in Dogecoin (DOGE) short liquidations near the $0.50 mark could signal a breakout if sustained accumulation pressure unwinds. This comes as DOGE’s Inverse Head and Shoulders pattern combined with BTC support hints at a potential 100% upside move toward $0.34. Despite weak liquidity, DOGE leads the memecoin sector in open interest, exhibiting bullish bias in volume-to-cap ratio and long-short ratios.