- Dogecoin reclaims $0.240, now testing $0.250 resistance with higher lows supporting bullish momentum.
- CleanCore Solutions buys $130M DOGE, lifting holdings to 500M as treasury accumulation grows.
- DOGE ETF approval and $24M DeFi TVL boost institutional awareness and network participation.
Dogecoin (DOGE) is trading at $0.246 after reclaiming the $0.240 support zone, showing strong momentum across the market. Price movement reflects a clean breakout setup, as the token forms higher lows since early September. The next target rests near the $0.250 resistance level, signaling bullish continuation if momentum holds.
DOGE Price Action and Technical Structure
Dogecoin established higher lows on the four-hour chart while reclaiming key support at $0.240, according to analysis prepared by BitGuru. Market structure shows consistent buying pressure as price action consolidates above this zone, creating conditions for a potential move higher.
In mid-August, DOGE faced rejection near $0.250, followed by a pullback toward $0.220. The market later consolidated between $0.210 and $0.230, forming a base for the current rally. After breaking above $0.230, the token advanced steadily and is now testing the $0.250 resistance area.
The weekly trend confirms upward momentum with a rising trendline established in 2024. Alex Clay reported, “Massive accumulation cylinder holding strong. Higher lows consistently build. The next step is clear, a higher high.” His outlook aligns with projections of growth extending beyond $0.35, with technical targets potentially stretching toward $0.90 into 2026.
Institutional Developments and Market Expansion
Institutional activity surrounding Dogecoin continues to expand. CleanCore Solutions purchased $130 million worth of DOGE in September, raising its holdings to 500 million tokens. The company aims to accumulate one billion DOGE, positioning the asset as a treasury reserve.Â
Custody is managed with Bitstamp and Robinhood, ensuring secure oversight. Dogecoin’s decentralized finance adoption also continues to grow. Data from DeFiLlama shows total value locked reaching $24.07 million, reflecting steady network participation. Daily chain fees reached $3,859, confirming consistent transaction activity.
At the same time, regulatory progress continues. The Rex-Osprey DOGE ETF (DOJE) received approval under the Investment Company Act of 1940. Analyst Eric Balchunas reported that the listing faced delays but confirmed institutional awareness is increasing around the memecoin.
