---
title: "Key facts: Dogecoin $0.112 surge, short squeeze; ETP listed; bearish"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284662861.md"
description: "Dogecoin surged to $0.112, gaining approximately 15% as futures open interest increased by 28% to $1.81B, attributed to a short squeeze. The rise followed the launch of a physically backed DOGE ETP by 21Shares on Germany’s Xetra, enhancing liquidity and trading interest. However, technical indicators show bearish rejection with initial downside targets at $0.0970 and $0.0959. Key support is at $0.100, while immediate resistance is between $0.110 and $0.118."
datetime: "2026-04-30T00:06:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284662861.md)
  - [en](https://longbridge.com/en/news/284662861.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284662861.md)
---

# Key facts: Dogecoin $0.112 surge, short squeeze; ETP listed; bearish

-   Dogecoin rose above $0.10 to $0.112 intra‑day, gaining ~15% as futures open interest jumped 28% to $1.81B — the highest since October; reports cited a short squeeze.1
-   Dogecoin (DOGEUSD) rallied after 21Shares launched a physically backed DOGE ETP on Germany’s Xetra, boosting regulated custody, liquidity and trading interest on a major European exchange.2
-   DOGEUSD on the 1-hour chart hit a harmonic D zone and showed bearish rejection. Initial downside targets: $0.0970, $0.0959; extended target: $0.0936. Reclaiming D zone would nullify bearish view.3
-   DOGE broke a descending trendline; Supertrend turned bullish and RSI near 70. Immediate resistance $0.110–$0.118, support $0.100 and lower $0.090–$0.095; holding $0.10 is key.4

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