Dogecoin Surges 10% Following $1.57 Million Short Squeeze in One Hour
Analysis
Price Impact
MedThe short squeeze caused a 10% surge in dogecoin's price, indicating a significant but potentially temporary price movement driven by market mechanics rather than fundamental changes.
Trustworthiness
MedThe information is based on coinglass data and tradingview charts, which are reliable sources for on-chain and trading data. however, short squeezes can be volatile and their immediate impact might not reflect long-term trends.
Price Direction
BullishThe price surged over 10% due to a significant short squeeze, indicating strong buying pressure in the short term. however, the article notes it's more of a squeeze than a trend reversal, so the bullish momentum might not be sustained.
Time Effect
ShortShort squeezes typically cause rapid, short-lived price pumps. while this event caused a notable daily gain, the sustainability of this price increase depends on continued buying interest and whether it breaks key resistance levels.
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Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Add as a preferred source on Google News According to CoinGlass data, Dogecoin had a double-digit daily gain on Feb. 25 after a concentrated wave of short liquidations erased $1.57 million in bearish positions within a single hour. The forced closures happened at the same time as a sharp intraday rebound that pushed DOGE above $0.10, marking one of its strongest sessions this month. Advertisement Advertisement On Binance's DOGE/USDT daily chart by TradingView, the token was trading near $0.1007 after hitting an intraday high of $0.1026, which is more than a 10% increase for the day. This happened after a few sessions of price movement around the $0.095-$0.098 range, where buyers kept up with the supply. As the price went up, leveraged short positions were unwound quickly, one after the other. Dogecoin rallies as $1.57 million in shorts face total hourly liquidation From a market structure perspective, the rally seems to be more of a short squeeze for Dogecoin than a confirmed trend reversal . DOGE is still below the key descending resistance levels one can see on the daily time frame. But the big comeback to the $0.10 level, along with signs of forced short covering, is likely to change how people feel in the near future. HOT Stories Morning Crypto Report: Cardano (ADA) Listed on Bitstamp Singapore, Peter Brandt Skeptical of $150K Bitcoin Target, Dogecoin Price Confirms 'Death Cross' on Weekly DOGE Chart Ripple's CTO Emeritus Shuts Down 'Nonsensical' Centralization Accusations Binance's DOGE/USDT daily chart by TradingView Liquidation data shows that $1.57 million in short positions were erased, while long liquidations were minimal at $119,640. In the last 24 hours, the total amount of DOGE liquidations hit $5.14 million, with shorts accounting for $4.09 million — so, the imbalance was mostly one-sided. Advertisement You Might Also Like Wed, 02/25/2026 - 12:44 Morning Crypto Report: Cardano (ADA) Listed on Bitstamp Singapore, Peter Brandt Skeptical of $150K Bitcoin Target, Dogecoin Price Confirms 'Death Cross' on Weekly DOGE Chart By Gamza Khanzadaev This episode unfolded against a backdrop of $341.21 million in crypto positions being liquidated market-wide in 24 hours. Bitcoin and Ethereum led the way, but the fact that DOGE shorts were so concentrated shows how things can change really quickly when liquidity dries up and volatility goes up amid the slightest sign of overleverage. #Dogecoin #Dogecoin News