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