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Dogecoin jumps nearly 3% to two-week high after holding $0.07 support

Market News
12 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

Dogecoin (DOGE) rose 2.93% to reach a two-week high of $0.073 after holding the $0.07 support level. The price rally was driven by leveraged demand and a short squeeze, forcing short sellers to buy back DOGE, which increased demand. Futures market inflows and derivatives volume also surged, indicating renewed trader interest and a shift toward long positions. If the momentum continues, DOGE could break the $0.075 resistance and target $0.08, but profit-taking by some holders may cause a pullback to $0.07.

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