Dogecoin Price Hits 50-day Peak as Bit Origin Raises $500M For DOGE Treasury

Main notes

• Dogecoin PRICE is merged at $ 0.21, showing 19 % growth in six trading sessions with bullish technical indicators.
• Bit Origin Ltd includes an investment of $ 500 million, including $ 400 million in stocks and a $ 100 million transfer debt for the DOGE liquefaction strategy.
• Technical analysis indicates a possible outbreak of more than $ 0.221 of the moving average for 200 days, with the price of $ 0.30 if the momentum continues.

Dokwin

Dodge
0.21 dollars



24 hours fluctuation:
0.1 %


The maximum market:
$ 31.37 b



Folder. 24h:
$ 3.24 b

The price was unified at $ 0.21 on Thursday, after a rise of 19 % in six sessions. While the candles during the day reflect the recession, the momentum remains optimistic as Dog opened with its highest price since May.

Bit Origin Ltd (Nasdaq: BTOG), which represents $ 500 million, confirmed to launch a Dogoin Treasury. The company stated that this capital injection is part of the “multi-stages liquefy strategy” to support the long-term network activity and hedges through Memeco Layer-1 reserves.

According to An official press releaseThe increase consists of $ 400 million of normal stock A and $ 100 million from the transferred debts from accredited investors. The company also revealed that it has already completed a 15 million dollar closure under the debt attachment that ATW Partners set, with the formation of Sharadan as an employment agent.

This development can be bullly proven to Dog’s price procedures in the short term. With the volume helicopters observed during the past week, the standardization of prices can be near the penetration areas an introduction to another significant height.

Dogecoin targets $ 0.30, as Bulls Cruction 200 days test

Dogecoin is currently trading at $ 0.212, with a 19 % visual gathering during the past six days. The penetration step stopped to a little less than the moving average for 200 days, which intersects at $ 0.221, characterized by the red line in the scheme. This level also represents the Golden Cross index of average movement for 50 days and 200 days.

Historically, a clean daily closure at the Master of 200 days confirms a long -term bull cycle. If Doug penetrates through $ 0.221 decisively, the bulls can target $ 0.30.

More importantly, the accumulation of consistent size of 10 billion dollars and the formation of the lowest levels during the past six days support the prediction of upward prices.

However, rejection at $ 0.22 can stop momentum. The nullity level lies at $ 0.179 – the base of the green gathering area and the nearest major support. Less than $ 0.18 would neutralize the upscale pattern, which leads to a re -test of the lowest level in June near $ 0.155.

Technically, Dog is still optimistic to prove otherwise. The price is higher than 50 days and approaches 200 days from the bottom-the setting often precedes the golden cross if the Luxor MA crosses. Watch a strong size confirmation of more than $ 0.221 to check for more upward trend.

The Solana First Layer-2 Pressale project is launched as it intensifies Doge Rallly

With Dogecoin gained a new institutional interest, Solaxy, the first layer of Solana in the second layer, appears as a collapse project, and targets both fans of coin and strategic investors.

Solaxy Presale

The Solaxy’s (SOLX) icon is currently in the pre -prepared period, offering up to 70 % of the rewards, air inspection, and early arrival incentives. Go ahead to visit the official Solaxy to join Solx Token Presale before increasing the next price.

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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.

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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.

Irahiah ajibade on connection.