KuCoin Sees Dogecoin in a Squeeze with Heavy Shorts Above

Dogecoin (DOGE) is currently experiencing a 'squeeze' situation in the market, according to KuCoin's assessment. The cryptocurrency has an Accumulation Rating of C and a market capitalization of $11 billion. In this context, Dogecoin prices are being heavily shorted above the current level.

KuCoin analysts predict that if Dogecoin can break through the resistance at $0.074, it may reach as high as $0.076. However, if the price falls below $0.07046, lower bids could result in further losses for the cryptocurrency.