DOGE’s Price Base Supported by CleanCore’s Strategic Buys
Dogecoin (DOGE) is reinforcing its position as a store of value, backed by strategic accumulation from CleanCore Technologies (NASDAQ: ZONE). CleanCore has announced a plan to acquire 5% of DOGE’s circulating supply, roughly 7.5 billion coins, with an ambitious near-term target of 1 billion DOGE within 30 days.
Currently, CleanCore’s treasury holds 600 million DOGE, having recently added 100 million more tokens. This accumulation coincides with a slight recovery in ZONE’s stock price, which rebounded by 2.24% after a steep decline last week. DOGE itself experienced a 13% pullback from a local high of $0.30, indicating potential base formation in both assets.
Mirroring July 2025 Market Behavior
Dogecoin’s recent price action recalls its July 2025 pattern, when the coin delivered a 27% return, peaking at $0.27 before a significant 33% decline. This move was driven by a sharp increase in realized profits, forming a large supply wall and trapping late buyers once support at $0.24 failed.
Today, DOGE is similarly positioned with a 13% drop from $0.30, alongside realized profits hitting a yearly high of $1.15 billion, suggesting intense distribution activity. This setup has bears anticipating a potential 30% sell-off akin to July’s correction.
Market Positioning and CleanCore’s Accumulation
Binance data shows a heavy long position skew exceeding 70% on DOGE/USDT perpetual contracts, indicating stretched positioning ahead of the upcoming FOMC event. Such dynamics raise the risk of trapped long traders if the $0.26 support level weakens.
However, CleanCore’s ongoing accumulation creates a crucial liquidity floor. Since launching its Dogecoin strategy on September 5th, DOGE surged 50% from a $0.20 base. Continued buying by CleanCore could sustain structural support, strengthening the potential for a Q4 recovery.
