Yes, SQUEEZING is a Scrabble word!

Letter values in Scrabble US: S 1, Q 10, U 1, E 1, E 1, Z 10, I 1, N 1, G 2.

Is it a valid word?

SQUEEZING is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

to compress with violence, out of natural shape or condition
press firmly
squeeze like a wedge into a tight space
to cause to do through pressure or necessity, by physical, moral or intellectual means :"She forced him to take a job in the city"
obtain by coercion or intimidation
press or force
squeeze tightly between the fingers
squeeze (someone) tightly in your arms, usually with fondness
squeeze or press together