DOGE Price: Short Squeeze Brewing Above $0.072?

Dogecoin's price has been trading around $0.0694 after an extended downtrend, pushing it toward a critical support zone near $0.07.

The price continues to hold above a key daily support level while consolidating within a narrow range, raising the possibility of a liquidity-driven reversal.

The on-chain data suggests short liquidations have been stacked within a range, which is believed to be decisive.

If DOGE bulls can defend the support and capitalize on the overhead liquidity, they may stage a bullish recovery.