Dogecoin futures market experiences extreme volatility again. The chain reaction of liquidations triggered by leverage resets has created a staggering 11900% imbalance—$49.6 million worth of positions wiped out, with longs bearing $4.92 million in pressure and shorts only liquidated $42,000. This stark contrast reflects significant divergence among market participants' expectations for the future.

On the price front, DOGE rebounded strongly from a low of $0.1495 to break above the $0.15 level. Technical indicators reveal some clues: the RSI is near 65, approaching overbought territory, and the MACD remains in a bullish alignment, indicating an overall upward momentum. However, the descending triangle pattern still warrants caution, as it often signals a critical point for trend direction. In the short term, whether this key level can be effectively broken will determine the subsequent trend.