The total liquidation amount of DOGE is 11.18 million US dollars, with a relatively large proportion of long positions traders. The total liquidation amount of long positions traders is 9.90 million US dollars. The total liquidation amount of short positions is 1.28 million US dollars.

This has led to a serious imbalance in the liquidation of longsPosition traders. This development stems from the performance of the past seven days. As tokens struggle with price stability, the price of DOGE has been on a continuous downward trend.

With the market rebounding, the DOGE price reached $0.4761 earlier this month, and the market is eagerly anticipating a new high. This has boosted the confidence of some traders who are long on DOGE.

However, price fluctuations have affected the prediction. After the price fell below $0.3780, the meme coin has been struggling to rebound.

At the time of writing, the price of DOGE is $0.3171, down 5.46% in the past 24 hours. The trading volume has also dropped significantly by 21.48% to $2.59 billion. This is consistent with the liquidation figures recorded in the Dogecoin market in the past 24 hours.

Uncertain price outlook

Meanwhile, according to U.Today, the Dogecoin whale recently acquired 270 million DOGE, worth 89.64 million US dollars. The whales took advantage of the latest price drop and may have bought them while the token continues to consolidate. The whales have anticipated a possible bullish price rebound.

The price prospects of Dogecoin are still uncertain, so it remains to be seen whether it will form a large-scale bullish trend. When asked about the possible recent price peak, Dogecoin founder Billy Markus did not provide any specific clues. Traders and investors alike must keep an eye on market trends and adapt to the unpredictability of the cryptocurrency field.