It could be an oval unless it is squashed completely flat.
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Depends which way you squash it - either a circle or a rectangle.
A shape with no straight edges that can be described as looking like 'a squashed circle' is called an ellipse. This shape is also sometimes referred to as an oval.
OVAL!
A circle is by definition 2-dimensional (flat). If you mean a circle that is wider in one direction than the other, than you are thinking of an ellipse.
An oval