DOGE Squeeze Pushes Price Toward Critical Resistance

Dogecoin (DOGE) has seen a significant surge in price after a derivatives market squeeze pushed its value toward the critical $0.10 barrier.

The meme coin experienced a 4.87% increase over the past 24 hours, with prices reaching $0.0902. This rally was fueled by open interest in Dogecoin futures spiking 8.5% within one hour to $282 million, resulting in the liquidation of short positions.

The short squeeze and subsequent price movement have positioned DOGE above its 200-day moving average, making $0.10 a crucial resistance threshold for the asset.