Dogecoin’s Price Surge: 343,069% Liquidation Imbalance Signals Potential for Further Gains

A recent price rebound in Dogecoin (DOGE) has triggered a dramatic liquidation imbalance, highlighting potential future market performance. Trading volume decreased after a surge of over 3%, according to CoinGlass data. Long traders experienced a 343,069% liquidations against short trades within the last hour, with a significant $148,880 loss recorded in just 60 minutes as the price fluctuated. Dogecoin’s price peaked at $0.224, but currently hovers around $0.2161. Despite this fluctuation, trading volume has dipped by 21.52%, suggesting a potential for sustained gains from increased market activity if investor engagement increases.