Key takeaways:

  • From memecoin to mainstream? The first $175 million DOGE treasury is launched.

  • DOGE price bullish megaphone pattern puts a 550% rally to $1 in play.


Dogecoin’s (DOGE) price rallied 10% from its monthly lows at $0.205 to an intraday high of $0.224 on Thursday. This move was fueled by the launch of the first official Dogecoin treasury by CleanCore Solutions.

Can institutional adoption propel DOGE price above $1?

A $175 million Dogecoin “Strategy”

CleanCore Solutions, a Nebraska-based maker of aqueous ozone cleaning systems, became the first publicly traded company to adopt Dogecoin as its primary treasury reserve asset. 

The company disclosed a $175 million private placement backed by over 80 institutional and crypto-native investors, marking a historic step for the cryptocurrency. 

Related: KuCoin targets 10% of Dogecoin mining capacity via new mining platform

This initiative, backed by the Dogecoin Foundation and the House of DOGE, aims to institutionalize DOGE by creating a foundation-backed treasury strategy. 

 

The move mirrors Strategy’s BTC-only program and Bitcoin’s ETF-driven success, potentially unlocking billions in institutional inflows.

Analysts suggest this could drive demand as regulated capital can enter the market, with the 21Shares Dogecoin ETP already approved for trading in Europe and a 79% chance of a spot ETF approval in 2025, per data from Polymarket. 

DOGE ETF approval odds in 2025. Source: Polymarket

This possible new demand from Dogecoin ETFs and companies could justify a $1 target by late 2025.

DOGE price megaphone targets $1-$1.40

The weekly candle time frame shows Dogecoin trading within a bullish megaphone pattern, as the chart below shows.

The price bounced off the lower trendline of the pattern at $0.15 in June, indicating the start of another significant move upward.

“Dogecoin is currently offering us a massive opportunity on the weekly time frame,” analyst Bitcoinsensus said in a post on Tuesday. 

An accompanying chart revealed that Dogecoin has previously posted higher percentage gains while trading within the same megaphone pattern, with almost every rally beating the last.

“As we’ve seen in the past, this coin has been moving upward in impulsive waves, each being bigger than the previous one,” the analyst said, adding:

“This next wave could potentially lead to prices as high as $1.40.”

Such a move would represent a 550% price increase from the current levels.

DOGE/USD weekly chart. Source: Bitcoinsensus

Fellow analyst Barry ChartMonkey made a similar observation in mid-August, saying that the rebound from $0.15 in June was a “sign of a new bullish leg for the 2-year Bullish Megaphone,” with the possibility of hitting the 3.618 Fibonacci extension at $1.15. 

Zooming in, the top memecoin consolidates within a symmetric triangle on the daily chart, data from Coinpectra Markets Pro and TradingView shows.  

A break above the resistance line of the triangle at $1.225 (the 50-day simple moving average) would confirm a bullish breakout from consolidation. The measured bullish target of the pattern is $0.37, or a 72% increase in DOGE price.

DOGE/USD daily chart. Source: Coinpectra/TradingView

As Coinpectra reported, Dogecoin’s break above the 50-day SMA would avoid a deeper drop toward the $0.19-$0.16 zone.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.