Dogecoin’s Breakout Potential: $0.50 Liquidity Wall Fuels Bullish Outlook

A key liquidity wall near the $0.50 level holds over $380 million in shorts, signifying a potential breakout for Dogecoin (DOGE). Alphractal’s analysis suggests this zone, formed during previous rallies, could fuel a bullish surge if selling pressure weakens. Historical data shows similar setups leading to significant DOGE price jumps. Before its last surge, Dogecoin consolidated near lows before a sharp move higher – the current chart echoes this formation. A successful breakout through this wall may lead to renewed bullish activity, particularly if momentum continues above $0.50.