Dogecoin’s 14% drop could be its biggest bear trap yet – Here’s why

• Doge’s sharp correction ruled its attraction as with high volatility, short -term game.
• MEMECOIN can quietly prepare a podium for a bear trap.

Dogecoin [DOGE] barking back to the center of attention.

After climbing a three -month maximum of $ 0.259.

More than $ 14.17 million in long disposal suggests that bears are currently under control and aggressively hunt long -term long -term. Yet sharp correction can signal more than weakness.

Zooming, this quick pumping could be the classic bear trap settings, because DOGE RELOADS for its further volatility of the tip.

From bark to bite: Doga shakes with weak hands

Doge’s sharp two -digit two -seater pullback comes into a mixture of macro heads and dynamics on the chain.

On the macro level, Risk Capital plays music chairs, flows back into stock and puts the crypto into “pause and digest” mode. Meantime, Bitcoin [BTC] It is stuck within close range and keeps Doga on a short leash.

As Ambrpto notes, it is a classic jerky setting. But where there is volatility, there is an opportunity, and traders seem to play directly.

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Ali Martinez adds that DOGE’S structural demand The rock remains solid, strengthening the thesis of Ambrpto: MEMECOIN still has a lot of bite despite a recent decline.

Here it depends on the psychology of the market.

The belief is strong, repetition of $ 0.20 support looks from the table. As soon as the Macro FUD calms down, the DOGE is ready for charging back towards $ 0.30, with Fomo ready to kick and light a fresh rally.

Bears on thin ice

According to Coinglass, Doge’s open interest rate (OI) has grown to $ 3.70 billion after a $ 0.25 regeneration – last seen in early January.

But less than a week later, oi bleed $ 1.05 billion and pointed to the textbook Reducingput pressure on short -term DOGE supplies.

Yet, the book of binance DOGE/USDT orders reveals 75.8% of a long account dominance, indicating that the bulls are loading rather than retreat.

On the other hand, aggregated exchange data reflects 52.51% short dominance – classic overcrowded bear positioning.

This chamfer reflects the wider FUD market. However, if the sentiment is surprised by the bull, it sets the perfect storm for short compression – with DOGE, which is preparing to earn a bear trap.

As a result Dogecoin Another movement could have seized all of them outside the guard-protection of recent shocks on serious shivers.

Current decline? Imagine it as a gold entrance point, with $ 0.30 firmly back to the investor radar.