- Dogecoin faces a key test at $0.2680 support after rejection from $0.3072 breakout peak.
- Analysts say a close above $0.29 could open targets at $0.32, $0.36, and even $0.42.
- Whale buys and CleanCore’s 600M DOGE treasury strengthen market support near $0.27.
Dogecoin showed a strong bullish beauty breakout, moving sharply upward before facing rejection at $0.3072. The move began after a long consolidation near $0.2450, where price built momentum. Following the rejection, the token pulled back and is now testing support near $0.2680, which could decide the next direction.
DOGE Price Movement and Key Levels
According to an analysis prepared by BitGuru, Dogecoin entered a bullish phase after breaking out from consolidation at $0.2450. The rally formed higher lows and higher highs until it peaked at $0.3072. At this level, sellers stepped in and the price faced rejection, leading to a retracement.
The pullback has now stabilized around $0.2680, which analysts describe as a critical support area. If buyers defend this zone, momentum could rebuild for another move higher. However, if the level breaks, the correction could deepen toward $0.25 and possibly $0.21.
Chart data shows that dotted horizontal lines indicate support and resistance zones, while green circles highlight past upward surges. Resistance at $0.29 has repeatedly stopped price advances. According to an observation by analyst Ali Martinez, a close above this level could unlock further gains. If DOGE clears $0.29, the next targets stand near $0.32, $0.36, and potentially $0.42.
Market Support from Whales and Institutional Interest
Dogecoin’s market strength has also been supported by whale activity and corporate accumulation. Data shows that large holders have added nearly 200 million DOGE in recent weeks. At the same time, CleanCore Solutions announced its treasury now holds more than 600 million tokens worth over $160 million.
Marco Margiotta, CleanCore’s Chief Investment Officer, said: “Our goal is to establish Dogecoin as a premier reserve asset while supporting its broader use in payments and tokenization.” The company aims to expand holdings to one billion tokens within a month.
Meanwhile, the expected launch of the Rex Osprey DOGE ETF remains on watch. Analysts suggest that its approval could provide new buying demand, helping DOGE break above $0.29. Despite a short delay in the ETF debut, Dogecoin has continued to trade near $0.27 with steady support from buyers.
