Dogecoin (DOGE) is showing remarkable strength as the broader crypto market attempts to turn from a bearish to a bullish phase. While leading coins like Bitcoin and Ethereum are struggling to confirm a reversal, DOGE has managed to stay resilient.
Over the past 24 hours, the token rose by nearly 1.36%, though its weekly performance reflects a slight drop of 1.12%. At the time of writing, DOGE trades at $0.2166 with a market capitalization of $32.55 billion. The 24-hour trading volume of $2.11 billion is down 5.8%, suggesting some cooling momentum in the short term.
Accumulation and resistance levels in focus
Technical charts reveal that DOGE is holding above the 100-week SMA at $0.1735, while continuing to move within an ascending channel that began in 2021. The structure points to a broad bullish outlook as long as higher lows remain intact.
Key support levels are seen at $0.09, $0.12, and $0.17. On the upside, the $0.22 zone remains critical, with a breakout paving the way toward $0.33 and beyond. Should momentum build, long-term projections highlight a possible rally toward $1.20.
Market behavior suggests steady accumulation, as buyers defend support levels despite repeated rejections near $0.22. This signals increasing demand during consolidation phases.
A successful retracement of this resistance level potentially reveals the next step to $0.49, an area that is equivalent to prior resistance. A pullback below $0.20 and the 100-week SMA, however, can trigger a correction to $0.17 or to $0.12 and $0.09.
The current $0.20 to $0.22 level is of utmost importance. Traders are observing to determine if a breakout for Dogecoin above that level can confirm continuation higher. Retaining support just above the mid-line resistance would be most suggestive of hitting larger-term channel targets.
CleanCore solutions bets on Dogecoin treasury
In a large firm statement, CleanCore Solutions of Nebraska made it known that it would become a treasury for Dogecoin. The firm announced a $175 million private placement financed by over 80 institutional and crypto-native investors like Pantera, GSR, FalconX, and Borderless.
The proceeds would be used to purchase Dogecoin to be used as its lead reserve asset. The campaign is headed by newly appointed Chairman Alex Spiro, who has close ties with Elon Musk.
Transactions with the Dogecoin Foundation and its for-profit subsidiary, House of Doge, also confirm such a strategic course. Specifically, Timothy Stebbing and Marco Margiotta will join CleanCore’s management, with Margiotta serving as chief investment officer.
