Dogecoin Jumps 17.65% to $0.1004 as Bitcoin Short Squeeze Fuels Memecoin Rally
- —DOGE rose 17.65% to $0.1004, intraday range $0.0881–$0.1004
- —Bitcoin short squeeze liquidated $648 million in 24 hours
- —Volume reached $3.05 billion, 216% above the 30-day average
- —RSI at 70.4 and stochastic at 100 signal overbought conditions
Why it matters: The rally is driven by short liquidations rather than fundamentals, leaving DOGE exposed to a pullback toward $0.094 once selling pressure fades.
Source: DiarioBitcoin