The Potential Surge of Dogecoin Due to a Short Squeeze Triggered at $0.35
Currently, Dogecoin [DOGE] finds itself in a precarious position within a volatile market landscape. A substantial $766.45 million hangs in the balance in terms of short positions, creating a sense of anticipation among traders who are monitoring closely for any signs of a potential recovery.
If Dogecoin manages to reclaim the $0.35 mark, experts foresee the possibility of a series of forced liquidations, leading to a short squeeze that could propel its value to new heights.
With the market preparing for a possible turning point, attention is focused squarely on Dogecoin, waiting to see if it can defy expectations and unleash significant gains.