Dogecoin Faces Pullback Despite Corporate Treasury Accumulation
Dogecoin has experienced a price pullback despite signs of buying interest. Currently trading at $0.251, it is down 4.8% in the past 24 hours but up 2.5% over the last week. The price opened near $0.27 and dipped below $0.25.
CleanCore's Dogecoin Accumulation
- CleanCore Solutions has added to its Dogecoin holdings, now exceeding 710 million DOGE, aiming for one billion coins.
- The company's treasury shows over $20 million in unrealized gains.
- This follows a $175 million private placement completed on September 5, 2025.
- Bitstamp by Robinhood is the chosen trading venue for purchases.
- Partnerships include the Dogecoin Foundation and House of Doge.
Technical Chart Patterns
- Analyst Trader Tardigrade identified a repeating pattern on the four-hour chart.
- The pattern includes failed rally attempts with support found on a rising trendline.
- Recent activity saw DOGE rise above $0.27, only to return to trendline support.
- A similar sequence occurred in late September, starting near $0.22 and climbing to about $0.26 by October 3.
Outlook
- Key levels to watch: rising support line and resistance around $0.27.
- A move above $0.27 could signal bullish sentiment, while a break below the trendline may indicate weakness.
- CleanCore's accumulation suggests that large buyers can influence market dynamics by purchasing during dips.
- Overall, technical patterns and corporate actions indicate persistent demand at certain price levels, though daily momentum remains fragile.
