Dogecoin is still rising, up 10%, and there are still no clear positive news in the market

But I posted a warning two days ago:
A week ago, the contract whales for Dogecoin started to position, and the open interest surged by 40%, so today’s surge is planned and deliberate

Technically, today’s breakout is very significant, with a strong breakthrough of resistance on the daily chart, the last breakout was in January, and the bottom has been oscillating for nearly three months. Dogecoin’s typical behavior—surging and doubling—is not surprising, especially since fans have been very enthusiastic and emotional in recent days

So it seems this wave of surge is more like a revenge rebound after long-term emotional buildup and a short squeeze in the futures market

According to the liquidation map, below 0.12 is a vacuum zone with very little resistance

Therefore, before the price stabilizes in the short term, don’t easily short it, as you could be easily trapped