Main notes
- Bit Origin Ltd, which is based in Singapore, has obtained more than 40 million Doug and provided a scale for each share of 0.691 to shareholders.
- Alaan technical analyst Alaan Possibilities to $ 50 % to $ 0.42, targeting the confirmation of penetration and RSI momentum without a declining difference.
- Jinghai Jiang has highlighted Micropayment Dogecoin and the possibility of institutional adoption as the main long -term stimuli.
Dokwin
BTC
118 dollars 307
24 hours fluctuation:
0.4 %
The maximum market:
2.35 dollars R.
Folder. 24h:
$ 42.03 b
7 % rose to $ 0.28 on Monday, 21 July, beating Kardano, Solana, and other high encrypted currencies. The Rallly came after Bit Origin Ltd (NASDAQ: BTOG), a Singapore digital asset company, for obtaining 40.5 million dusks to seed a newly launched treasury strategy, supported by a $ 500 million capital facility.
according to The official statement of the origin of the bitThe DOGE purchase was implemented at an average cost of $ 0.2466 per code, which up to its total possession to more than 40 million dusks. The company also introduced a new scale, Doge-Per-Share (DPS), affiliated with about 0.691 based on the Stock and B menu.
Bit Origin announces 40 million DOGE purchase | Source: secret.gov
in Official documents It was submitted to the US Securities and Stock Exchange Committee (SEC) on Monday, Jinghai Jiang, CEO and Bo -Corporation Board of Directors, confirmed the increasing interest from Dogecoin for precise defense as a long -term stimulus.
“We see the benefit of Dogecoin’s possibility close to the turning point. It can support its cultural and liquidity, when it is associated with the activity of the renewed developer, the shift towards institutional use.” Jinghai Jiang, CEO and Bit Origin President, July 21.
The acquisition is the first to be announced under the initiative of proposed digital assets of $ 500 million that was announced last week, a diversification strategy aimed at benefiting from the mining experience and publishing capital on the series. Bit Origin’s transition to Treasury -backed DOGE sites with other prominent companies in the United States including the former Microstrategy, Metaplanet and SOL strategies, carry large encoding in the public budget.
Prediction of Doug’s price: The analyst targets $ 0.42 after the outbreak of the resistance
Amid the market reactions to the Bit Origin’s DOGE purchase ad for, the technical analyst and Crypto Trader have hinted that the latest prices of Dogoin can lead to another 30 % operation.
Alan said: “Doccoin broke out from the level of resistance and closed over it on the daily graph,” noting the momentum of the relative strength index (RSI) and the confirmation of prices.
#DogeCoin It broke out from the resistance level and closed it on the daily chart. Relative strength indicators do not show any declining difference, creating a higher height on both RSI and $ DogeNoting that this penetration is legitimate in terms of momentum.
However, RSI entered the excessive area in the peak. A … pic.twitter.com/yw3hclyapp
Trader Tardigrade (Tatrader_ALAN) July 21, 2025
Alan notes that although the relative power index entered its arrest area, there is no declining difference. As shown in the above graph, both Doge Price and RSI Trends recently printed their highest levels, indicating signal strength instead of fatigue.
He added that the short -term decline towards an area of $ 0.25 will be healthy and can provide re -entry before the next station about 0.31 dollars and possibly $ 0.42.
The expected goal is $ 0.42 a potential increase of 50 % of the current levels, in line with positive feelings about institutional flows of bit. If Doge maintains prices higher than $ 0.26 this week, it may confirm a decisive step about $ 0.31.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Ibrahim Ajibad is an experienced research analyst and has a background in supporting the various startups and financial organizations in Web3. He obtained his university degree in the economy while he is currently studying for a master’s degree in Blockchain and distributing a professor’s notebook techniques at Malta University.
The post DOGE Explodes 7% to $0.28 After Massive Bit Origin Buy – Analyst Reveals Next Target first appeared on Investorempires.com.
