Dogecoin Surges 5% as Short Squeeze Pushes Price to $0.0902
Dogecoin's price surged nearly 5% over 24 hours to reach $0.0902, driven by a sharp short squeeze in derivatives markets.
The rally pushed DOGE above its 200-day moving average for the first time since August, positioning the $0.10 level as the next major resistance point.
A sharp increase in open interest and liquidations among short sellers fueled the upward price momentum, with DOGE outperforming broader market benchmarks.