Dogecoin’s price shows strong bullish momentum as CleanCore Solutions continues to expand its treasury. The company’s recent purchase of 100 million DOGE has pushed its holdings to over 600 million tokens, with a total valuation surpassing $160 million. This acquisition, along with technical indicators suggesting a rally, has led experts to predict a potential move toward $0.43 for Dogecoin in the coming days.
CleanCore Solutions has made another significant acquisition, adding 100 million Dogecoin tokens to its treasury. The purchase has brought the company’s total DOGE holdings to over 600 million, valued at more than $160 million at current market prices. This move follows CleanCore’s goal to acquire up to 1 billion DOGE in the short term, aiming to secure as much as 5% of the token’s circulating supply in the long run.
Marco Margiotta, the Chief Investment Officer of CleanCore, emphasized the company’s strategic intent. “Our goal is to position Dogecoin as a premier reserve asset while supporting its broader use in payments and staking-like products,” he said. The company’s move to accumulate Dogecoin aims to build institutional trust and further promote its wider adoption, especially as a reserve currency.
Dogecoin’s chart shows signs of bullish activity. Crypto analyst Trader Tardigrade recently identified a bull flag formation on Dogecoin’s daily price chart. This classic technical pattern suggests that the token could rally toward $0.43 in the near term. Tardigrade also noted multiple bullish signals across short, mid, and long-term indicators based on Ichimoku analysis. His report gave Dogecoin an “overall score” of +4, indicating a strong uptrend.
Source: X
The technical setup has sparked optimism among traders, with some predicting further gains for the token. Additionally, Dogecoin’s recent price movement has been supported by broader market trends, including a potential ETF listing for DOGE. The Rex-Osprey DOGE ETF, set to launch in mid-September, is expected to further boost institutional interest in the token.
CleanCore’s treasury strategy is designed not only to increase the value of its holdings but also to establish Dogecoin as a reliable asset. The company, supported by the Dogecoin Foundation and House of Doge, aims to provide a framework for Dogecoin’s wider use in remittances, payments, and tokenization.
In the short term, CleanCore’s target is to reach 1 billion DOGE, with longer-term aspirations to hold up to 5% of the circulating supply. This move is in line with CleanCore’s vision of positioning Dogecoin as a reserve asset while contributing to the growth of the cryptocurrency ecosystem.
Dogecoin has experienced a surge in value since CleanCore’s treasury initiative launched in early September. The token’s price has climbed from around $0.24 to between $0.27 and $0.30. This upward momentum has fueled positive sentiment among investors, reinforcing the idea that Dogecoin could see continued price growth.
Despite some concerns, such as the offloading of 680 million tokens by whales, the price of DOGE has remained resilient. Experts continue to focus on the increasing adoption of Dogecoin and its integration into real-world use cases, such as the recent partnership between DOGE OS and Thumbs Up Media Corporation. These developments contribute to the overall positive outlook for the token.
As CleanCore pushes forward with its treasury strategy, the increasing institutional interest and technical indicators suggest that Dogecoin could continue its bullish trend. The market is closely watching for further developments, including the upcoming ETF listing, to gauge the potential for continued growth.
The post DOGE Bullish Flag Forms as CleanCore Treasury Exceeds $160 Million appeared first on CoinCentral.
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