Dogecoin Jumps 18% to $0.4331 on Volume Twice the Average
- —DOGE rose 18.12% in 24 hours to $0.4331 on $1.48 billion in volume
- —Open interest on Bitfinex reached $700 million, with 80% of positions long
- —RSI (14) at 75 signals extreme overbought conditions
- —$4.2 million in shorts were liquidated; support sits at $0.4050 (SMA-7)
Why it matters: The heavy long concentration raises the risk of cascading liquidations on a pullback to $0.40, potentially amplifying altcoin volatility.
Source: DiarioBitcoin