Dogecoin’s Liquidation Map Reveals Critical Zone – Traders, Brace for Impact

Dogecoin's latest liquidation heatmap just flashed a high-stakes signal—and this zone is where the battle lines are drawn.

The make-or-break threshold

Whales and retail traders alike are eyeing this price level like hawks. Get it right, and it's payday. Get it wrong, and well... enjoy those margin calls.

Why this isn't just another squiggle on the chart

Liquidation clusters here could trigger a domino effect—either propelling DOGE past resistance or sending it tumbling faster than a crypto influencer's credibility.

The cynical footnote

Because nothing says 'sound investing' like meme coin leverage trading. Just remember: the house always wins—especially when the house is a blockchain.

Price Action and Market Performance

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.

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.

Liquidation Map and Key Price Levels

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.

$DOGE Liquidation map on all leverage just dropped.

Biggest short liquidation cluster is building up around $0.2079. This is a massive magnet for price.

Most traders are blind to this. Smart money uses this.

Long liquidations are scattered, showing less concentrated pain to… pic.twitter.com/CkYjOCj6FQ

— TheKingfisher (@kingfisher_btc) August 5, 2025

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.

Technical Patterns and Potential Reversal Signals

Trader Tardigrade notes that DOGE 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.

$Doge/weekly#Dogecoin is moving within an ascending broadening wedge.
The next target at the top of the wedge is set at $1.4 pic.twitter.com/j5eYJOvojX

— Trader Tardigrade (@TATrader_Alan) August 5, 2025

On the 1-hour chart, an inverse head and shoulders pattern is forming. 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–$0.218. 

Traders are watching the $0.208 level as a near-term price target where short liquidations may drive the next move.