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Dogecoin nears key $0.12 resistance, signaling a potential 150% price surge from a major short squeeze.

Technical Signals
15 May 2026
FXEmpire
View Source
Bullish
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Dogecoin (DOGE) has recently broken above the $0.11 resistance, triggering significant short liquidations and strong buying pressure. On-chain data and technical indicators suggest an accumulation phase, with a critical resistance at $0.12 that, if surpassed, could lead to a massive short squeeze and a potential rally up to $0.28, representing a 150% gain. Open interest in DOGE futures is rising, and historical patterns in the Relative Strength Index (RSI) support a bullish outlook. Traders are watching for a breakout above $0.12 to capitalize on this opportunity, with potential pullbacks expected but not likely to invalidate the overall upward trend.

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