Dogecoin dropped below its $0.07 support level to $0.069, the lowest since October 2023, driven by strong sell-side pressure and a 32% rise in trading volume. Over $5 million in long positions were liquidated, signaling high leverage and aggressive position closures by traders. Despite some capital inflows in derivatives, sellers dominate the spot market, pushing the Relative Strength Index into oversold territory. If selling continues, Dogecoin could fall further to $0.067 unless it recovers above $0.074 to reverse the bearish trend.
The cryptocurrency market fell on July 1, with Bitcoin, Ethereum, Dogecoin, BNB, and HYPE all trading lower amid weakening investor sentiment. The EU's new Markets in Crypto-Assets (MiCA) regulation took effect, causing many firms to scale back or ex...
Dogecoin (DOGE) has fallen below key support levels, trading around $0.0714 after a nearly 10% weekly decline amid bearish market sentiment. The critical $0.06 support level is now the focus, as analysts note its historical importance for potential r...
Crypto markets experienced $359 million in forced liquidations mainly in Bitcoin and Ethereum, despite only modest price drops of about 1.4% for BTC and 1.1% for ETH. This indicates that leveraged derivatives, not spot selling, absorbed most of the s...
About $200 million in leveraged crypto positions were liquidated in 24 hours, mostly from short positions, triggering sharp rallies in select altcoins while Bitcoin remained subdued. This short squeeze caused altcoins like Solana and Hyperliquid to g...
Bitcoin and ether prices fell toward critical multiyear support levels, with bitcoin near its lowest since late 2024 and ether at a level it has bounced from twice before. Despite subdued volatility, options traders are paying a premium for downside ...
