Expert Identifies Bullish DOGE Flag as CleanCore Treasury Tops $160M With Fresh Purchase

A crypto expert has highlighted a bull flag on the Dogecoin price chart in his recent analysis. This comes as CleanCore Solutions expanded its treasury holdings with a major DOGE acquisition. This pushed its reserves past the $160 million mark.

Experts See Bullish Momentum for DOGE

In a recent X post, crypto expert Trader Tardigrade identified a classic bull flag formation on Dogecoin’s daily chart. He then projected a possible move toward $0.43. 

Source: X

His Ichimoku analysis indicated that the token was in a strong uptrend across all short-, mid-, and long-term indicators. It highlighted multiple bullish crosses and a breakout above resistance zones. His report gave the token an “overall score” of +4, signaling a robust continuation pattern.

This projection comes particularly as investors await the Rex-Osprey DOGE ETF listing on September 18. The fund was delayed from its initial launch, slated for last Friday.

Adding to its bullish narrative, another analyst suggested that $1 remains a “magnet” for Dogecoin’s price cycle. This sentiment reflects the broader expectation that the token could outperform as institutional demand and real-world adoption expand.

However, not all signals are entirely bullish. In less than a week, whales offloaded almost 680 million tokens, according to data shared by Ali Martinez. The token has remained strong and is currently trading at $0.267 in spite of this selling pressure.

CleanCore Pushes Treasury Beyond $160M

In another move, CleanCore Solutions, Inc. announced it had purchased an additional 100 million Dogecoin tokens. This brought its total holdings to more than 600 million coins. At current prices, the company’s treasury is valued at over $160 million.

This accumulation marks a step forward for CleanCore’s near-term target of one billion tokens within the next month. Long-term, the company aims to secure up to 5% of the meme coin’s circulating supply.

Marco Margiotta, Chief Investment Officer of CleanCore and CEO of House of Doge, emphasized that the strategy is designed to strengthen the token’s role as a reserve currency. 

“Reaching over 600 million DOGE marks a significant milestone and demonstrates the continued progress of our disciplined treasury strategy,” he said. “Our goal is to establish Dogecoin as a premier reserve asset while supporting its broader use in payments, tokenization, staking-like products, and remittances…”

This follows the firm’s previous purchase, in which it announced that its Treasury now holds more than 500 million tokens.

The treasury initiative has already coincided with price gains. Since the program’s official launch on September 5, DOGE price has climbed from about $0.24 to trade in the $0.27–$0.30 range.

In other developments, DOGE OS, the blockchain’s application layer, recently partnered with Thumbs Up Media Corporation to expand real-world use cases for mined Dogecoin. As part of the collaboration, the CEO of the company, Jordan Jefferson, was appointed to TZUP’s crypto advisory board.

Source: https://coingape.com/expert-identifies-bullish-doge-flag-as-cleancore-treasury-tops-160m-with-fresh-purchase/