Dogecoin Squeeze Sets Up Make-or-Break Test at $0.10

Dogecoin has made a significant surge in recent hours, jumping nearly 5% to $0.0902.

The rally was driven largely by futures market positioning, with open interest in Dogecoin derivatives increasing by 8.5% in just one hour to $282 million.

This spike coincided with a wave of forced liquidations in the derivatives market, which squeezed bearish traders out of their positions and pushed DOGE above its 200-day moving average for the first time since early August.

The breakout has set up a direct challenge to the psychologically important $0.10 level, with many analysts believing that if Dogecoin can hold above $0.088, it could strengthen the case for further gains and keep the path toward $0.10 open.