Dogecoin (DOGE) saw a significant price drop of over 2.5% in the past 24 hours, resulting in $1.56 million in long liquidations within just four hours, according to CoinGlass data. The decline occurred as DOGE struggled to maintain momentum with the broader market's bullish trend.
The price faced resistance in the $0.2620-$0.2640 range, a critical level where substantial sell-offs have been noted during recent market downturns. Short traders also incurred losses of $51,580 during this period. As of the latest update, DOGE was trading at $0.2569, marking a 0.62% decrease in the last 24 hours.
Dogecoin Price Drop Leads to $1.56M in Long Liquidations
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