Dogecoin (DOGE) Faces Critical Resistance at $0.29 After Corporate Adoption Surge
The post Dogecoin (DOGE) Faces Critical Resistance at $0.29 After Corporate Adoption Surge appeared on BitcoinEthereumNews.com.
Terrill Dicki
Sep 17, 2025 13:34
DOGE trades at $0.27 (+0.33%) but encounters key resistance near $0.29. CleanCore’s $68M purchase and ETF launch boost sentiment amid technical challenges.
Quick Take • DOGE currently trading at $0.27 (+0.33% in 24h) • Dogecoin’s RSI at 61.25 shows neutral momentum with bullish MACD crossover • CleanCore Solutions acquired 285 million DOGE worth $68 million, while first US Dogecoin ETF launched What’s Driving Dogecoin Price Today? The DOGE price action over the past week reflects a complex interplay between institutional adoption and technical resistance levels. The most significant catalyst came from CleanCore Solutions Inc.’s announcement on September 10th of acquiring 285,420,000 Dogecoins valued at approximately $68 million for their strategic reserve. This corporate treasury adoption mirrors similar moves by major companies in the Bitcoin space and signals growing institutional confidence in DOGE. Simultaneously, the launch of the first U.S. Dogecoin ETF on September 11th has provided retail and institutional investors with regulated exposure to DOGE/USDT trading without direct custody concerns. This development has historically driven increased trading volumes and price appreciation for cryptocurrencies gaining ETF status. However, despite these fundamentally positive developments, recent technical analysis reveals that Dogecoin faces immediate headwinds. As of September 17th, DOGE encountered strong resistance at $0.2855, with indicators suggesting potential bearish pressure that could drive the DOGE price toward the $0.2500 support level in the near term. DOGE Technical Analysis: Mixed Signals Emerge The current Dogecoin technical analysis presents a nuanced picture for traders. Dogecoin’s RSI at 61.25 sits in neutral territory, neither overbought nor oversold, suggesting room for movement in either direction. However, the DOGE RSI level indicates that momentum could shift quickly depending on volume and market sentiment. Dogecoin’s MACD shows bullish momentum with a reading of 0.0140 above…
Filed under: News - @ September 18, 2025 4:27 am