Dogecoin Short Squeeze Brewing Above Critical Support Zone

Dogecoin (DOGE) is 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.

A significant imbalance in leveraged positions is visible on Dogecoin's liquidation map, with nearly $100 million in cumulative short liquidations concentrated between $0.072 and $0.076.

This has created a major liquidity pool above the current price, which could amplify buying pressure and accelerate the recovery if DOGE reclaims the nearby resistance zone.