Dogecoin traders panic sell - DOGE dips below $0.1, liquidations reach $16 mln
Tech Dogecoin traders panic sell – DOGE dips below $0.1, liquidations reach $16 mln Bitcoin Ethereum News Dogecoin liquidation hit $16 millionSource: CoinGlass Source: CoinGlass Source: CoinGlassCan DOGE defend the $0.1 level, or is a bigger drop ahead? Dogecoin lost its $0.1 support as Futures traders panicked and exited. With sentiment turning risk-off and appetite reduced, the market structure weakened significantly. As a result, the memecoin‘s Connors RSI dropped further into the bearish zone, reaching 19, indicating heavy selling pressure. Likewise, the memecoin’s True Strength Index (TSI) dropped into the negative zone, further confirming the trends strength. Source: TradingView These two indicators suggest that bears are extremely dominant and that the downtrend is strong, leaving DOGE exposed to further losses. If bearish pressure persists, Dogecoin is likely to see further losses, dropping to $0.096. To see a trend reversal, DOGE bulls need to push for a daily close above $0.106.