Dogecoin Surges 3.04% Triggering Massive Liquidations as Traders Face Heavy Losses

Dogecoin experienced a significant price rebound of 3.04%, reaching a high of nearly $0.224, while simultaneously triggering massive liquidations for long-position traders. Trading volume dropped by over 21% to $2.61 billion, contributing to the heavy losses endured by these traders in a short timeframe. This price surge came amid consolidation pressure and a decline in trading activity.