Mastiff (DOGE) found support in $ 0,250 in the middle of the difficulties in climbing higher value. However, Doge’s growth was lateral instead of the rise. Despite the limited growth felt by DOGE, the metric signal in chain of severe liquidations could be completed.
Dogecoin liquidation Freamance narrows
Rinsing Data show that total liquidation in the last 24 hours amounted to $ 2.72 million. Long -position traders saw $ 1.69 million dollars, while the remaining 1.03 million dollars were intended for traders in an uncovered position.
This represents a total of 10,571,652 DOGES liquidated within 24 hours. With long liquidations exceeding short liquidations of only $ 660,000, the liquidation imbalance is less significant than the previous ones.
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The long position traders have largely stimulated the slight ascent of the Doge price in the last 24 hours.
According to CoinmarketCap dataDOGE climbed slightly 0.94% to negotiate $ 0.2572. However, the growth in the volume of negotiation is greater, the data showing an increase of 13.41% to $ 1.17 billion in the same period of time.
These signals have renewed the interest on the part of market players who seem more willing to undertake to invest in the memes play.
Will the increase in the volume of trading make the difference?
The news of a possible approval from the Dogecoin ETF could have fueled the confidence of investors.
There is in particular, exactly a week ago, the American Securities and Exchange (SEC) commission recognized the 19B-4 application of gray levels for a DOGE ETF. Although this decision is not automatically translated by approval, recognition has triggered the hope of possibility among the members of the community.
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Investors consider optimistic development, leading to a slight increase in price.
Analysts believe that with the DOGE liquidation which gradually fades, so that Dogecoin retains its level of $ 0.30, the part may need to maintain the volume of negotiation over an extended period. Price volatility will be fised in this way and will avoid the death It emerged in chain earlier.