Join Our Telegram channel to stay up to date on breaking news coverage
The Dogecoin price has surged 4% in the last 24 hours to trade at $0.2600 as of 4:00 a.m. EST on a 24% increase in the daily trading volume to $4.05 billion.
The surge in the DOGE price comes as CleanCore Solutions, a company known for its aqueous ozone cleaning systems, pushes forward with an ambitious plan to build a Dogecoin treasury of 1 billion DOGE.
🚨 CleanCore Solutions has officially crossed the halfway mark toward its 1B $DOGE treasury goal, now holding 500M DOGE (~$130M) after its latest purchase. pic.twitter.com/yzNHta0kbh
— Satoshi Club (@esatoshiclub) September 12, 2025
CleanCore’s strategy to buy $130 million worth of DOGE signals a strong fundamental interest in the token and also growing institutional confidence in the meme coin. This move comes amid delays in the launch of the first spot DOGE ETF (exchange-traded fund), redirecting attention to significant players accumulating Dogecoin off-exchange.
🚨 $DOGE goes Wall Street! 🚨
Rex Shares announced a Dogecoin ETF launching on Sep 11 under ticker $DOJE. Running on 40 Act rules like their $SSK SOL fund
Eric Balchunas calls it the “first US ETF on an asset with zero initial value.” Brutal, but iconic!
Ultimate mememania? 📈 pic.twitter.com/rAAUdNhOGK
— Wen ALTseason? (@wenaltseason) September 9, 2025
CleanCore Solutions recently announced that it has reached the halfway mark in its goal to secure 1 billion Dogecoin tokens. After purchasing 285 million DOGE on a single day, followed by an additional $130 million buy, the company now holds over 500 million DOGE in its treasury.
CleanCore’s plan focuses on building a Dogecoin treasury that supports real-world uses like payments, tokenization, staking-like features, and global remittances. Marco Margiotta, CleanCore’s CIO and CEO of House of Doge, said the rapid pace and size of these purchases show a clear intent to position Dogecoin as a key reserve asset.
This strategy is closely tied to the House of Doge’s goal to increase Dogecoin’s practical uses and adoption.
CleanCore is the first publicly-traded company to create a Dogecoin treasury in collaboration with the Dogecoin Foundation.
The company recently announced plans to raise $175 million through private placements as well, dedicated solely to buying DOGE for the treasury. While this news caused a brief dip in CleanCore’s stock, it reflects strong support for integrating Dogecoin into wider financial systems.
Overall, the fundamentals for Dogecoin look promising, with major investors backing its use beyond just speculation.
Dogecoin Price Chart Shows Healthy Momentum Toward Resistance
Turning to the technical analysis for Dogecoin, the price is currently sitting just below a significant resistance level of approximately $0.29, near the Fibonacci retracement’s 0.382 level on the daily chart. This level has acted as a hurdle in previous rallies and is a key target for bulls.
DOGEUSD Analysis Source: Tradingview
Dogecoin has been in an uptrend recently, making higher highs and higher lows over the past few weeks. The Relative Strength Index (RSI) is at 66.29, showing positive momentum but still below overbought levels, which allows room for the price to keep rising.
The MACD supports this view, with the MACD line above the signal line and the histogram displaying more green bars, pointing to growing bullish momentum.
Key support levels to watch include around $0.22, near the 0.236 Fibonacci retracement, and the recent breakout level near $0.25, which could act as a strong floor if the price pulls back.
On the upside, the next resistance lies near $0.29, with further hurdles around $0.33 and $0.38, which are important Fibonacci levels where traders may take profits.
Overall, Dogecoin’s price looks set on a strong upward path, driven by both institutional buying and positive technical indicators. If the price rises above $0.29, it could open the way toward gains of around $0.33 to $0.38. If it pulls back, those earlier support levels should hold well and keep the price stable.
Dogecoin On-Chain Data Shows Supply Reduction
On-chain metrics for Dogecoin are also showing positive signs that back the recent price movements. Large purchases by CleanCore have removed substantial amounts of DOGE from exchanges, thus reducing available supply.
Reduced exchange reserves often indicate demand from long-term holders and institutional buyers, which can restrict downward price pressure.
Furthermore, the accumulation goal of 1 billion DOGE represents a significant portion of the total circulating supply, around 5%. Removing such a large volume from active trading markets can create a scarcity effect that supports price appreciation.
Combined with upcoming tokenization and staking products from House of Doge, on-chain activity is likely to intensify around utility use cases, which historically support sustainable price growth beyond just hype cycles.
Related Articles:
Best Wallet – Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
Credit: Source link
