Bit Origin has purchased 40.5 million DOGE as part of its strategy to build a substantial crypto treasury, aiming to raise 500 million USD through sales. This acquisition reflects confidence in DOGE, with prices having shown consistent resistance at 0.29 USD.
DOGE is currently experiencing price fluctuations between 0.14 USD and 0.29 USD, with potential support from increased buying activity. A sustained rise could target a pattern price of 0.44 USD, but failing to surpass the 20-day SMA may signal a downturn.
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