Dogecoin is once again in the spotlight after a quiet period due to significant corporate investments and the upcoming ETF. In this article, we will examine how these events might affect DOGE's price.
Reasons for Increased Interest in Dogecoin
Dogecoin, which had been in the shadows, is back in the spotlight thanks to CleanCore Solutions, which purchased over 500 million DOGE worth $148 million. CleanCore positions itself as the official Dogecoin treasury company in partnership with House of Doge. This development allows DOGE to become part of a corporate balance sheet strategy, a trend previously seen mainly with cryptocurrencies like Bitcoin.
Market Reaction: DOGE Trends
Dogecoin prices are showing an increase of over 8% in one day and double digits for the week. Charts indicate a sharp upward movement, with DOGE breaking resistance and reaching $0.306 before slightly pulling back to $0.287. Critical support currently sits at $0.255. If DOGE can hold above these levels, the bullish trend structure will remain intact.
Potential Risks for Growth
While the current momentum is strong, there are some risks. If the Dogecoin ETF launch faces another SEC delay, short-term enthusiasm could fade. A retracement to the $0.255 support level wouldn’t be surprising, especially if traders take profits. Broader cryptocurrency market fluctuations (such as Bitcoin or Ethereum corrections) could also negatively impact DOGE, despite its own positive narrative.
With institutional buying already underway and the Dogecoin ETF launch imminent, DOGE is positioned for another potential rise. A close above $0.295 could open the door to prices of $0.32–$0.34 in the coming weeks. Dogecoin is moving beyond memes and starting to take a significant place in the world of ETFs and corporate treasuries.
