Dogecoin Price Climbs 4% As CleanCore Buys $68M DOGE

The Dogecoin price has surged 4% in the last 24 hours to trade at $0.2417 as of 3:10 a.m. EST after CleanCore Solutions, Inc. bought $68 million DOGE and said it will build a 1 billion token stash in 30 days.

CleanCore itself saw its stock price soar 79% after it announced it bought 285,420,000 Dogecoin to begin building a DOGE treasury.

NYSE-LISTED CLEANCORE SOLUTIONS $ZONE ACQUIRES 285M $DOGE WORTH $68M FOR NEW TREASURY, TARGETS 1B $DOGE IN 30 DAYS AND 5% OF TOTAL SUPPLY LONG-TERM pic.twitter.com/g9M5xo3b7X

— The Wolf Of All Streets (@scottmelker) September 9, 2025

ClearCore plans to fund further Dogecoin purchases through a $175 million PIPE offering, partnering with House of Doge.

This latest boost to the Dogecoin price comes amid optimism that the Rex-Osprey DOGE ETF (exchange-traded fund) may launch this week, opening the biggest meme coin by market cap to inflows of institutional capital.

Dogecoin Price Breaks Out: Can Momentum Sustain the Rally?

For months, the DOGE price has traded within a symmetrical triangle, reflecting a period of price consolidation with lower highs and higher lows. The Dogecoin price has now broken above the upper boundary of the triangle.

DOGE is trading above the 50-day Simple Moving Average (SMA) ($0.2240) and the 200-day SMA on the daily timeframe ($0.1963), both of which provide strong support levels beneath current levels. This positioning strengthens the bullish case.

DOGE Momentum Indicators Reinforce Bullish Scenario

The Relative Strength Index (RSI) is currently at 59.50, hovering just below the overbought threshold of 70. This suggests there is still room for upward movement before exhaustion sets in.

Moreover, the Moving Average Convergence Divergence (MACD) has just crossed into positive territory, with the blue MACD line above the orange signal line. This fresh bullish crossover often marks the start of an upward trend.

The Chaikin Money Flow (CMF) sits at 0.14, signaling intense buying pressure and capital inflows into DOGE.

If buyers maintain control, the price of Dogecoin could reach the projected target of around $0.27, a 12% from the current level. A sustained break above this level may even open the door toward the psychological $0.30 mark.

However, a failure to hold above $0.2240 (the 50-day SMA) could weaken the bullish case and push the price back toward the $0.20 support region.

According to popular crypto analyst Ali Martinez, DOGE is now targeting the $0.242 level.

Dogecoin $DOGE targets the top of the channel at $0.242! pic.twitter.com/E5SUfj5a33

— Ali (@ali_charts) September 9, 2025

Meanwhile, DOGE’s Open Interest stands at $2 billion, a 6.42% increase in the last day, supporting the overall bullish case, according to Coinalyze data.

Furthermore, Dogecoin’s market dominance now stands at 0.94% as it soars, showing the bullish outlook, but it still aims at the 1% resistance.  

As the price of Dogecoin rises, the number of addresses that hold the asset continues to grow, as data from Glassnode shows, further supporting the bullish outlook of the asset.

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