Dogecoin Price Hits 50-day Peak as Bit Origin Raises $500M For DOGE Treasury
The post Dogecoin Price Hits 50-day Peak as Bit Origin Raises $500M For DOGE Treasury appeared on BitcoinEthereumNews.com.
Key Notes Dogecoin price consolidates at $0.21, showing 19% growth in six trading sessions with bullish technical indicators. Bit Origin Ltd secures $500 million investment, including $400M in shares and $100M convertible debt for DOGE monetization strategy. Technical analysis suggests potential breakout above $0.221 200-day moving average, with $0.30 price target if momentum continues. Dogecoin DOGE $0.21 24h volatility: 0.1% Market cap: $31.37 B Vol. 24h: $3.24 B price consolidated at $0.21 on Thursday, after rising 19% in six sessions. While intraday candles reflect stagnation, momentum remains bullish as DOGE opened at its highest price since May. Supporting a bullish DOGE price forecast, Singapore-based mining firm Bit Origin Ltd (NASDAQ: BTOG), confirmed it has raised $500 million to launch a Dogecoin treasury. The firm stated this capital injection is part of a “multi-phase DOGE monetization strategy” to support long-term network activity and hedging through Layer-1 memecoin reserves. According to the official press release, the raise consists of $400 million in Class A ordinary shares and $100 million in convertible debt from accredited investors. The firm also disclosed that it has already completed an initial $15 million closing under the debt facility offering placed by ATW Partners, with Chardan serving as placement agent. This development could prove bullish for DOGE’s near-term price action. With volume spikes observed over the past week, price consolidation near breakout zones could be a precursor to another major uptick. Dogecoin Targets $0.30 as Bulls Test Critical 200-Day MA Dogecoin is currently trading at $0.212, with a visible green-boxed rally of 19% over the past six days. The breakout move has stalled just below the 200-day moving average, which intersects at $0.221, marked by the red line in the chart. This level also represents the Golden Cross indicator derived from the 50-day and 200-day moving averages. Historically,…
Filed under: News - @ July 17, 2025 9:34 pm