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TL;DR<\/b><\/p>\n Dogecoin (DOGE) traded close to $0.20 at press time, down by over 3% in the past 24 hours. Over the last week, the token has slipped by 10% with a daily trading volume of $1.4 billion. DOGE retraced after reaching a swing high of $0.28.<\/span><\/p>\n CoinGlass data shows a volume of $5.19 billion, up 54% in the past 24 hours, while open interest stands at $3.09 billion. Options volume rose 30% to $17 million, and options open interest is $120,000, up 13%. Open interest in DOGE futures fell from 19.7 billion DOGE to 15.36 billion during the decline, reflecting reduced leveraged positions.<\/span><\/p>\n TheKingfisher reported that the largest short liquidation cluster is near $0.208. A price move into this area could trigger a short squeeze. Long liquidations remain scattered, showing less pressure to the downside.<\/span><\/p>\n $DOGE<\/a> Liquidation map on all leverage just dropped.<\/p>\n Biggest short liquidation cluster is building up around $0.2079. This is a massive magnet for price.<\/p>\n Most traders are blind to this. Smart money uses this.<\/p>\n Long liquidations are scattered, showing less concentrated pain to\u2026 pic.twitter.com\/CkYjOCj6FQ<\/a><\/p>\n \u2014 TheKingfisher (@kingfisher_btc) August 5, 2025<\/a><\/p>\n<\/blockquote>\n Meanwhile, the liquidation map uses all-leverage data, indicating these levels may be reached over several weeks rather than days. Tracking these clusters shows where forced liquidations can occur and where the price may gravitate.<\/span><\/p>\n Trader Tardigrade notes that <\/span>DOGE<\/span><\/a> is moving in an ascending broadening wedge on the weekly chart. Past moves in this structure ran from $0.22 to $0.48. The next projected swing toward the top of the wedge is $1.40. The lower wedge line has acted as support, and the upper line remains resistance.<\/span><\/p>\n $Doge<\/a>\/weekly#Dogecoin<\/a> is moving within an ascending broadening wedge. \u2014 Trader Tardigrade (@TATrader_Alan) August 5, 2025<\/a><\/p>\n<\/blockquote>\n On the 1-hour chart, an inverse head and shoulders pattern is <\/span>forming<\/span><\/a>. The neckline is around $0.210, which has served as short-term resistance. A breakout above this level with volume could push DOGE toward $0.214\u2013$0.218.\u00a0<\/span><\/p>\n Traders are watching the $0.208 level as a near-term price target where short liquidations may drive the next move.<\/span><\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
Price Action and Market Performance<\/b><\/h2>\n
Liquidation Map and Key Price Levels<\/b><\/h2>\n
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Technical Patterns and Potential Reversal Signals<\/b><\/h2>\n
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The next target at the top of the wedge is set at $1.4 pic.twitter.com\/j5eYJOvojX<\/a><\/p>\n
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