- DOGE rallied from $0.245 to $0.307 before rejection, now testing the key $0.28 support zone.
- Institutional activity grew as Thumzup and CleanCore expanded holdings, boosting Dogecoin’s market stability.
- The new REX-Osprey DOGE ETF launched with strong volume, marking rising investor and corporate interest.
Dogecoin (DOGE) has shown strong market activity in recent days. DOGE bounced from $0.245 and formed a bullish beauty, rallying strongly to $0.307 before facing rejection. DOGE is now attempting a pullback near $0.28, where holding support could set up the next bullish move.
Dogecoin Market Performance and Trading Structure
According to an analysis prepared by BitGuru, Dogecoin built a base near $0.245 before moving into an upward trend. The rally formed a bullish beauty pattern that attracted strong buying activity and pushed the price toward $0.307. At this point, the market faced rejection, causing a retracement and a short-term consolidation phase.
Following the rejection, Dogecoin traded closer to $0.28, showing price stabilization after the earlier upward movement. The market maintained support above $0.26, while resistance formed near $0.29. DOGE traded within this defined range, keeping volatility under control as market participants monitored key levels.
Coingecko reported that Dogecoin traded at $0.2759 with a 6.1% gain over the past week. The token moved between $0.274 and $0.2874 in the past 24 hours. Market capitalization stood at $41.60 billion, with a trading volume of $3.82 billion recorded.
Institutional Moves and ETF Development
Thumzup Media purchased around 7.5 million DOGE valued at nearly $2 million. The company also announced plans to expand into Dogecoin mining operations, showing corporate adoption of the token.
Another development came with the launch of the REX-Osprey Dogecoin ETF, trading under the ticker DOJE on the Cboe BZX Exchange. According to data, the ETF generated $5.8 million in volume during its first trading hour. This figure exceeded the average for most newly launched funds.
Meanwhile, according to Ali Charts, whales purchased more than 158 million DOGE in recent days. CleanCore Solutions also expanded its treasury to over 600 million DOGE, strengthening institutional participation in the market. These corporate and institutional moves added to the growing activity supporting Dogecoin’s long-term structure.
