What The Weekend Liquidation Event Meant For The Dogecoin Price, And What Cou...
The Dogecoin price is back in the spotlight after a sharp price drop that has caught the attention of traders and analysts over the weekend. According to DOGECAPITAL’s analysis, the recent decline brought Dogecoin back to a key support level that has been important in the past. The Dogecoin price study compares the current situation to a time when the coin also dropped to this same level years ago and then began a strong recovery. DOGECAPITAL says this could again be a turning point for Dogecoin if the same pattern repeats. Dogecoin Price Drops To Historic Support After Weekend....
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The PEPE price was one of the worst-hit altcoins in the weekend liquidation event, as the price plummeted more than 60% in a matter of minutes. This led to a cascade of liquidations as traders scrambled to save their positions. Now, though, with the liquidation event out of the way and the market looking to be […]
The Ethereum price saw a notable price plunge on Monday when the Ethereum Foundation reportedly started selling coins. This plunge, in turn, triggered a series of liquidation events that have seen ETH traders suffer massive losses in the last day. Ethereum Liquidation Volumes Cross $30 Million. By Tuesday, October 10, the Ethereum liquidation numbers triggered by the price crash ramped up quickly to cross the $32 million market. As expected, long traders suffered the majority of the losses with Coinglass data pointing to 87.61% of all ETH liquidation volumes coming from long traders.....
With the Dogecoin price action slowing down over the week and the weekend action well underway, the possibilities remain muted as the price continues to struggle. The machine learning algorithm of the CoinCodex website has unveiled what crypto investors should expect from the meme coin over the weekend, and it is not bullish. Muted Dogecoin […]
Dogecoin rallied during the weekend pushing its price out of the downtrend that it has been in. Weekend markets which are usually marked by low volatility often see these types of rallies that help bring cryptocurrencies out of their shells. This time around, meme coin, Dogecoin was at the receiving end of this, seeing the […]
Dogecoin (DOGE) is getting battered by the recent crypto market downturn. The meme-based cryptocurrency took a significant hit this Thursday, dropping 14% in value in the last 24 hours. Related Reading: Worldcoin Sentiment Improves, But March Highs Remain A Distant Dream Long Positions Liquidated According to Coinglass, a crypto derivatives data platform, DOGE saw a whopping $4.8 million in long positions liquidated. This signifies that investors who bet on DOGE’s price increase got squeezed as the price went down. Conversely, short positions (bets on a price decrease) saw minimal....