A recent analysis of the DOGE/USDT liquidation heatmap on Binance reveals considerable liquidation levels concentrated around the $0.19 mark. This indicates a critical price point where a significant number of leveraged long positions could be forcibly closed, potentially triggering a sharp price decline.

one notable trader, identified by Lookonchain, has reportedly secured $2.14 million in profits and has subsequently initiated a 10x long position on 84.08 million DOGE, with a liquidation price set at $0.19.This aggressive strategy highlights the high-stakes environment surrounding the current DOGE price action.

However, on-chain flows and analyst sentiment, as observed on platforms like Santiment and X (formerly Twitter), suggest that the upward momentum driving DOGE’s price may be unsustainable. These indicators point towards a potential weakening of market strength, making a continued push towards the $0.30 target a low-probability outcome as the first month of the third quarter concludes.