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, 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.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
