{"id":30967,"date":"2026-07-24T17:56:59","date_gmt":"2026-07-24T16:56:59","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/07\/24\/dogecoin-doge-short-squeeze-above-0072\/"},"modified":"2026-07-24T17:57:08","modified_gmt":"2026-07-24T16:57:08","slug":"dogecoin-doge-short-squeeze-above-0072","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/dogecoin-doge-short-squeeze-above-0072\/","title":{"rendered":"Dogecoin (DOGE): Is a Short Squeeze Building Above $0.072?"},"content":{"rendered":"\n

Dogecoin (DOGE)<\/strong> is currently trading around $0.0694<\/strong> following a prolonged correction<\/strong> that has pulled it back toward a critical support zone near $0.07<\/strong>. Despite recent weakness, the price is holding above a key daily support level, leaving the door open for a potential liquidity-driven short squeeze<\/strong>. On-chain data reinforces this scenario.<\/p>\n\n\n\n

DOGE Under Pressure: The $0.07 Zone in Focus<\/h2>\n\n\n\n

Dogecoin<\/a><\/strong> is going through a consolidation<\/strong> phase within a tight range, following a sharp retracement<\/strong> from its recent highs. The price is hovering around $0.0694<\/strong>, maintaining a tense hold on the key support at $0.07<\/strong>. This level represents a major technical boundary<\/strong>: a daily close below it would invalidate the short-term bullish structure.<\/p>\n\n\n\n

\"Dogecoin<\/figure>\n\n\n\n

The technical indicators<\/strong> reflect this tension. The RSI<\/strong> on the daily chart is trading in oversold territory, signaling exhaustion of bearish<\/strong> pressure. The MACD<\/strong> remains in negative territory, but the convergence of its two lines suggests a slowdown in selling momentum. Together, these signals point to a potential floor<\/strong> rather than a continuation of the downtrend.<\/p>\n\n\n\n

On the resistance<\/strong> side, the first obstacle sits at $0.072<\/strong>, a level where a significant concentration of short positions<\/strong> has built up. A breakout<\/strong> above this threshold could trigger a cascade of liquidations<\/strong> and propel DOGE sharply higher in a fast and violent move.<\/p>\n\n\n\n

Short Squeeze: Are the On-Chain Conditions in Place?<\/h2>\n\n\n\n

On-chain data<\/strong> sheds additional light on the current dynamic. The accumulation of short positions<\/strong> above $0.072<\/strong> creates fertile ground for a short squeeze<\/strong>. When the price breaks through this type of liquidity zone, short sellers are forced to buy back their positions, mechanically amplifying the upside move.<\/p>\n\n\n\n

This kind of short-driven rally<\/strong> is nothing new for DOGE, an asset historically sensitive to liquidity-driven moves. The current consolidation within a tight range, combined with contracting volumes, often precedes a significant directional expansion<\/strong>. The question remains which way the market will break.<\/p>\n\n\n\n

The market structure<\/strong> remains fragile nonetheless. As long as DOGE fails to confirm a clear breakout<\/a><\/strong> above $0.072<\/strong> on convincing volume, the bias stays neutral to slightly bearish<\/strong>. Buyers need to reclaim this level before any meaningful recovery toward higher zones becomes realistic.<\/p>\n\n\n\n

Bullish and Bearish Scenarios: Where Is DOGE Headed?<\/h2>\n\n\n\n

Bullish scenario:<\/strong> A solid hold above $0.07<\/strong> followed by a breakout<\/strong> above $0.072<\/strong> would activate the short squeeze<\/strong>. In that case, DOGE could target higher resistance levels, with a rally<\/strong> potential toward the upper zones abandoned during the correction. This move would be all the more explosive as short liquidations<\/strong> stack up in rapid succession.<\/p>\n\n\n\n

Bearish scenario:<\/strong> Conversely, a break of the $0.07 support<\/strong> on a daily close would open the door to a bearish acceleration<\/a><\/strong>. DOGE would then find itself without any immediate technical safety net, exposed to a fresh retracement toward lower levels. The MACD<\/strong> still in negative territory and the absence of a strong fundamental catalyst<\/strong> both weigh in favor of this outcome.<\/p>\n\n\n\n

The verdict will depend on whether buyers can defend $0.07<\/strong> and convert the selling pressure accumulated above $0.072<\/strong> into fuel for a short squeeze<\/strong>. DOGE’s next directional move hinges on these two key levels and it could prove decisive for the weeks ahead.<\/p>\n\n\n\n

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