DOGE (DOGE) price prediction: Driven by institutional demand and ETF expectations, it is expected to reach the $1 milestone.

DOGE is once again becoming the market focus. Driven by multiple favourable factors such as continuous inflow of institutional funds, heightened ETF speculation, and bullish chart patterns, traders are assessing whether it can move towards the anticipated $1 milestone. Currently, the price of DOGE is consolidating around $0.24, testing key resistance levels and attracting the dual attention of retail and institutional investors.

bullish catalysts: institutional treasury and ETF speculation

• CleanCore Treasury Entry: CleanCore Solutions recently announced the establishment of a $68 million DOGE treasury, having purchased 285.42 million DOGE and plans to expand its holdings to 1 billion within 30 days. This move marks the largest corporate DOGE treasury plan to date, showcasing institutional confidence in its long-term value. On-chain data also supports this trend, with tokens worth $10.17 million exiting exchanges into private storage on September 9, which is typically a positive signal for investors.
• ETF speculation: Market expectations for the Rex-Osprey DOGE ETF (ticker: $DOJE) have similarly driven the price rise. Analysts estimate that the likelihood of the ETF being approved is as high as 63%. If approved, this would be the first listed DOGE ETF in the United States, allowing traditional investors to gain exposure to DOGE without needing to hold the tokens directly, thereby bringing new liquidity and capital to the market.
• Increased whale activity: On-chain data shows that the number of wallets holding between 1 million and 10 million DOGE has reached a new high since the end of 2021, currently holding a total of over 10.9 billion tokens. Recently, the number of whale transactions exceeding 1 million USD in a single day surged to 118, indicating that large holders are actively positioning themselves and having a significant impact on price trends.

Technical Analysis: Key Support and Resistance Levels

• Price Trend: The price of DOGE is currently consolidating around $0.24, retesting the key resistance level. In the past 24 hours, the price has fluctuated between $0.231 and $0.244, indicating a fierce battle between buyers and sellers.
• Key price level: Support area: $0.18 to $0.20 is a reliable support level that can effectively resist pullbacks.

Resistance level: A breakthrough above the resistance range of 0.25 to 0.27 USD is needed to form stronger bullish momentum.

Downside risk: If the price falls below $0.20, the bullish structure will be broken, potentially triggering deeper losses.

• Short-term outlook: If DOGE can successfully reclaim $0.25, it is expected to open the channel for a rise to $0.28 and higher levels.

Conclusion

As institutional investment, ETF speculation, and technical momentum gradually converge, the prospects for DOGE are becoming increasingly bright. It is at a critical crossroads: whether it can maintain a foothold above $0.25 and leverage the inflow of institutional funds to overcome macroeconomic risks and profit-taking pressure will ultimately determine its ability to advance toward the elusive $1 milestone.