Dogecoin suffers 2,691.19% liquidation imbalance as sell-off drives DOGE to $0.083

  • Dogecoin recorded a 2,691.19% liquidation imbalance during the market sell-off.
  • $8.91 million in DOGE positions were liquidated, including $8.59 million in longs and $319,190 shorts.
  • Dogecoin fell below the daily MA 200 at $0.088 for four consecutive days.

Dogecoin fell 7.30% in 24 hours to $0.083 as a broader crypto sell-off liquidated $8.91 million in leveraged DOGE positions. Longs accounted for $8.59 million of the total, compared with $319,190 for shorts, producing a 2,691.19% imbalance. DOGE retreated from a weekend high of $0.095 and fell below the daily 200-day moving average at $0.088 for four consecutive sessions. Analysts identified $0.083 as an important support level, with $0.08 the next demand zone if it breaks. The wider crypto market recorded $569 million in liquidations ahead of inflation data. Dogecoin also became accessible on Solana this week through Sunrise Protocol, including on Raydium and Jupiter. Investors are now focused on Friday's consumer-price data and next week's Federal Reserve decision; traders put the odds of a quarter-percentage-point rate increase near 66% after the August producer price index rose 0.4%.

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