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Dogecoin jumps 14% as short sellers face heavy liquidations, reclaiming $0.10 level.

Market News
22 Sep 2026
Coinpaper
View Source
Bullish
Dogecoin jumps 14% as short sellers face heavy liquidations, reclaiming $0.10 level.

Dogecoin surged about 14% in 48 hours, climbing from mid-$0.08s to briefly trade above $0.10 due to a wave of forced short liquidations totaling around $5.66 million. This short squeeze helped accelerate the broader crypto rally, with over $1 billion in crypto positions liquidated recently. Large traders also showed bullish interest, opening significant new positions. The key challenge now is for Dogecoin to hold the $0.10 level to confirm support and potentially push towards $0.11–$0.12. However, the rally may be fragile as it depends on genuine buying demand beyond forced short covering, with institutional interest still modest.

Dogecoin's market cap on Pluang stands at Rp301.03 trillion as of Sep 22, 2026 20:52 WIB, with a 24-hour trading volume of Rp66.24 trillion. The coin is currently priced at Rp1,801, showing an 8.95% increase in the last day, while typical hold time among Pluang users is 109 days. Buy orders slightly outnumber sell orders at 54%, indicating a modest bullish sentiment on the platform.

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