Dogecoin Rebounds Amid Short‑Squeeze Risk

Dogecoin's price action is currently bifurcated: institutional selling and programmatic liquidations around $0.20 have left short‑term structure vulnerable even as a viral Elon Musk post and renewed retail interest drove intraday gains and roughly a 55% two‑week rebound toward $0.20. Multiple analysts, including trader Tardigrade, identify bullish reversal patterns (Adam & Eve and double bottoms) across 4‑hour, daily and multi‑week charts, with neckline resistance around $0.15–$0.216 and measured upside targets near $0.26. Futures and liquidity profiles show a dense short concentration roughly between $0.215–$0.27 that could accelerate gains via a short squeeze if DOGE reclaims its neckline on strong volume. On‑chain indicators — rising transactions and whale accumulation — are cited as supportive of the move. Key risks remain: failure to defend short‑term supports (noted between about $0.194 and $0.10–$0.12) or renewed macro/regulatory deleveraging would likely reverse the bullish thesis, so traders should require confirmed, volume‑backed breakouts and use stop‑losses.