Dogecoin Stuck in Narrow Trading Range as Long Liquidation Continues

Dogecoin has been trading within a narrow range of $0.06829 and $0.07008 over the past day, with little movement in either direction.

This tight range suggests that the market is in wait mode, with neither side willing to commit to a price movement yet.

The current supply structure shows circulating supply at 155.212 billion coins, total supply at 170.924 billion, and a maximum supply of infinite due to Dogecoin's design.

A look at the 24-hour numbers reveals heavy long liquidation, with $3.03M in longs versus just $135K in shorts.