TLDR
- Dogecoin price recovers to $0.22 as institutional investors accumulate over 680 million tokens during August
- Musk’s attorney Alex Spiro plans $200M treasury company to provide stock market exposure to DOGE
- Technical charts show double bottom pattern with key resistance at $0.245-$0.27 zone
- Multiple companies including Neptune Digital and Bit Origin adding Dogecoin to balance sheets
- Price targets of $0.40 and $1.00 possible if resistance levels break successfully
Dogecoin has bounced back to $0.22 following a turbulent August marked by whale selling pressure. The meme coin’s recovery comes as institutional investors quietly accumulate positions ahead of September.
On-chain data reveals that large wallets absorbed over 680 million DOGE tokens throughout August. This institutional buying activity contrasts sharply with retail sentiment, which remained cautious during the volatility.
The accumulation pattern resembles previous consolidation phases that preceded major rallies. Dogecoin’s last significant run took the price to an all-time high of $0.79 in 2021.
Trading volume has increased alongside the price recovery, suggesting genuine buying interest rather than short-term speculation.
Treasury Company Plans $200M Dogecoin Investment
Alex Spiro, Elon Musk’s attorney, is preparing to chair a new public company focused on Dogecoin treasury investments. The initiative aims to raise $200 million with backing from House of Doge.
The proposed structure would hold Dogecoin on the company’s balance sheet. This approach gives investors stock market exposure to DOGE without requiring direct crypto ownership.
Six sources confirmed the deal details to Fortune, though the effort remains in early stages with no final timeline.
This follows a growing trend of companies adding crypto to their treasuries. Vancouver-based Neptune Digital Assets bought 1 million DOGE in February 2025 at $0.37 per token.
Nasdaq-listed Bit Origin secured $500 million in financing to build a DOGE-focused treasury. Tesla also holds undisclosed Dogecoin amounts and accepts DOGE for merchandise.
Technical Analysis Shows Bullish Setup
Dogecoin’s chart displays a double bottom pattern within an ascending triangle formation. The token recently broke above its exponential moving average ribbon, confirming the technical setup.
Current support sits at $0.21, serving as the critical floor for the bullish case. A breakdown below this level could expose $0.20 as the next support zone.
Key resistance lies between $0.245 and $0.27. This zone has previously rejected upward moves and represents the main hurdle for buyers.
The RSI indicator remains in the 40-50 range, providing room for upward movement without reaching overbought conditions. MACD signals stay neutral to slightly bearish.
Dogecoin Price Prediction
A successful break above $0.27 resistance opens the path to $0.40 as the next target. Beyond that, the psychological $1.00 level becomes a longer-term possibility.
However, failure to hold $0.21 support could trigger a pullback toward $0.19-$0.20 before another rally attempt.
The combination of institutional accumulation and treasury company plans provides fundamental support for higher prices. Technical patterns align with this bullish thesis as long as support levels hold.
Dogecoin was trading at $0.22, up 0.44% in the last 24 hours at press time.
