Dogecoin price is trading at $0.22 after rebounding from the $0.205 support earlier today.
The move follows news that CleanCore Solutions raised $175 million in private placements to build a Dogecoin treasury.
Analysts remain optimistic, with some setting massive DOGE price rallies of up to 362.1% and higher.
DOGE Price Set for 362 % Rally
Market analyst Bitcoinconsensus says Dogecoin is moving in line with the logarithmic uptrend.
On the weekly chart, he noted that DOGE was exhibiting bullish signs that could potentially lead to an upward breakout to $1.
In the past, Dogecoin has posted higher percentage gains. With almost every rally beating the last.
If this pattern holds, the next move could lift DOGE by approximately 362.1% or higher, which will position the meme coin’s price between $1 and $1.40.
A big jump from where it is now. Analysts view this as a strong opportunity for traders seeking to capitalize on momentum gains.
A key event for Dogecoin will be the Fed’s expected rate cut at the FOMC meeting on Sept. 17. This could spark a strong rally toward $1.
Some analysts are even predicting a significantly larger move, with DOGE potentially climbing as high as $2, representing an 850% gain.
Dogecoin Whales Are Sitting on the Fence, Says Expert
Crypto analyst Ali Martinez noted that Dogecoin’s largest holders have been relatively quiet in recent weeks.
Wallets with 10 million to 100 million DOGE hold about 24.19 billion tokens, but there’s little sign of large buying or selling.
This suggests they may be waiting for clearer market signals before making a move.
In the past, Dogecoin’s biggest rallies have often begun with significant buying by whales. This is usually followed by strong retail interest, which then drives a sharp parabolic surge.
However, even after CleanCore Solutions (NYSE: ZONE) announced it raised $175 million to build a Dogecoin treasury, its stock fell by approximately 60% on Sept. 2 to $3.23.
The sharp drop might indicate that investors are not confident in the company’s cryptocurrency treasury plan.
CleanCore Solutions Joins Other DOGE Treasuries, Bit Origin, and Spirit Blockchain
Several public companies have started building Dogecoin treasuries in 2025. In January, investment firm Spirit Blockchain Capital announced that it would utilize its DOGE holdings for yield strategies.
Then, in July, ex-cannabis and telehealth company Dogecoin Cash Inc. purchased 1 billion DOGE through its subsidiary, Dogecoin Treasury Inc.
In July, a former pork producer, Bit Origin transitioned to Bitcoin mining and announced plans to establish a DOGE treasury backed by up to $500 million in equity and convertible debt.
The companies are yet to record good performance from their Dogecoin treasury plans. Spirit Blockchain Capital is down more than 88% this year, while Dogecoin Cash Inc. has fallen 70%.
Bit Origin’s stock is also lower by about 64%. By comparison, the meme coin itself has dropped around 33% over the last three months, according to TradingView.
Meanwhile, CleanCore Solutions, the newest company to join the Dogecoin treasury trend, saw its shares plunge more than 60% on Tuesday.
Shares of the Nebraska-based ozone cleaning technology firm tumbled shortly after it revealed plans to launch a Dogecoin treasury.
