Dogecoin (DOGE) is trading at $0.246, testing the $0.250 resistance level after reclaiming the $0.240 support zone. This movement is supported by CleanCore Solutions' recent purchase of $130 million worth of DOGE, raising its holdings to 500 million tokens. The approval of the Rex-Osprey DOGE ETF has further heightened institutional interest.
Dogecoin's decentralized finance (DeFi) adoption is also on the rise, with a total value locked of $24.07 million, as reported by DeFiLlama. These developments indicate increased network participation and consistent transaction activity, contributing to the token's strong market momentum.
Dogecoin Approaches $0.250 Resistance Amid Institutional Moves
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.