Dogecoin Price Hits 50-day Peak as Bit Origin Raises $500M For DOGE Treasury
Bit Origin Ltd raises $500 million for Dogecoin treasury, signaling growing institutional interest and potential price catalyst for the memecoin’s near-term trajectory.
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, a clean daily close above the 200-day MA confirms a long-term bull cycle. If DOGE pierces through $0.221 decisively, bulls could target the $0.30 psychological resistance.
More so, the consistent volume build-up of $10 billion and formation of higher lows over the past six days further support a bullish Dogecoin price prediction.
DOGE Price Forecast
However, a rejection at $0.22 could stall momentum. The invalidation level lies at $0.179 — the base of the green rally zone and the nearest key support. A close below $0.18 would neutralize the bullish pattern, triggering a retest of the June low near $0.155.
Technically, DOGE remains bullish until proven otherwise. Price is above the 50-day MA and approaching the 200-day from below — a setup often preceding a golden cross if the shorter MA crosses over. Watch for confirmation with strong volume above $0.221 to validate further upside.
Solana’s First Layer-2 Project Launches Presale as DOGE Rally Intensifies
As Dogecoin gains fresh institutional interest, Solaxy, Solana’s first Layer-2 blockchain, is emerging as a breakout project, targeting both meme coin enthusiasts and strategic investors.
Solaxy Presale
Solaxy’s (SOLX) token is currently in presale, offering up to 70% staking rewards, airdrops, and early-access incentives. Visit the official Solaxy website to join the SOLX token presale before the next price increase.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
