Dogecoin at a crossroads: Bounce toward $0.25 or b

Dogecoin at a crossroads: Bounce toward $0.25 or burnout below support?
Derivatives metrics support bullish bias, but rising long liquidations expose DOGE to sudden price shocks.

Key Takeaways
Dogecoin defends $0.19 support amid growing bullish bets, but rising long liquidations signal fragility. A breakdown could unwind leveraged optimism and delay a move toward $0.25.

Dogecoin [DOGE] surged earlier in July and reclaimed the $0.19 support level, sparking optimism of a possible run toward $0.25. 
The upward momentum formed on rising volume and bullish market participation,k signaling strong intent from buyers. 
Trading at $0.1916 after a 7.85% daily drop at press time, DOGE remained above the ascending support line. This structure continued to hold despite the pullback, making the $0.19 zone critical. 
A sustained close below this area could trigger further selling, while another bounce could revalidate the bullish setup and bring $0.25 back into focus.