DOGE Aims for $1 Rally Following $175 Million Treasury Fundraise
Despite selling pressure, DOGE bounced back from the support level of $0.205 after CleanCore Solutions raised $175 million to establish a Dogecoin treasury. Analysts project potential price targets of $1 and above.
DOGE Price Targets $1
Market analysts indicate that DOGE is following a logarithmic uptrend, showing bullish signals on the weekly chart. Historical patterns suggest that DOGE has advanced in impulsive waves, with the next target potentially reaching between $1 and $1.40.
- Upcoming Fed rate cuts during the FOMC meeting on September 17 may trigger a significant upside for DOGE.
- Some analysts predict an 850% rally, possibly reaching $2.
Dogecoin Whale Activity Declines
Analysis reveals that large holders of DOGE have exhibited minimal activity recently. Wallets holding 10 million to 100 million DOGE control approximately 24.19 billion tokens, indicating that major holders are waiting for clearer market signals.
CleanCore Solutions Stock Reaction
Following the announcement of the Dogecoin Treasury, CleanCore Solutions saw its stock price drop by 53% to $3.23, reflecting investor dissatisfaction with the plan.
Maxi Doge Fundraising Efforts
The Degen meme coin Maxi Doge has raised over $1.77 million, aiming for $2 million. Early supporters can earn 187% APY through staking.
- Ticker: MAXI
- Network: Ethereum
- Token Price: $0.0002555
- Funds Raised: $1.775M