Dogecoin Price Eyes $0.092 as Recovery Continues

Dogecoin (DOGE) has regained its footing after dipping to $0.0817 on September 2, according to recent data from crypto.news. The meme coin price rose by about 10% and is now trading near $0.09.

The daily chart shows that DOGE's recovery is partly due to short covering as traders closed bearish positions around the early-September low. However, the liquidation heatmap alone does not confirm how much of the rally resulted from forced short closures.

Dogecoin's daily chart has improved after the latest rebound, with the token trading above its 20-day simple moving average at $0.08713 and its 200-day SMA at $0.08839. The three-day liquidation heatmap shows a strong nearby concentration of leveraged positions between approximately $0.092 and $0.0926.