🚀 Dogecoin (DOGE) Primed for Explosion: Bit Origin’s Treasury Move Signals Major Rally Ahead

Wall Street’s playing catch-up—again. While traditional finance scrambles to understand meme coins, Dogecoin (DOGE) just got a rocket boost from Bit Origin’s latest treasury purchase. Here’s why the ‘joke’ asset might be laughing all the way to the bank.

The Institutional Wink

Bit Origin’s DOGE buy isn’t just a bet—it’s a flashing neon sign for institutional interest. Treasury purchases scream long-term conviction, and when whales move, retail traders ride the wave.

Liquidity Tsunami Incoming?

With this move injecting fresh capital into DOGE’s ecosystem, liquidity pools could deepen fast. That means tighter spreads—and potentially explosive price action when the next meme coin mania hits.

The Cynic’s Corner

Let’s be real: if a dog-themed crypto can trigger more FOMO than a blue-chip stock, maybe the ‘efficient market hypothesis’ needs a walk—preferably on the moon.

One thing’s clear: in 2025’s casino economy, DOGE just got dealt a fresh hand. Will you call the bet?

TLDR

• Bit Origin completed purchase of 40.5 million DOGE for its crypto treasury as part of $500 million fundraising plan
• Whale wallets accumulated over 310 million DOGE tokens in 48 hours following recent price pullback
• DOGE formed bullish MACD crossover that historically preceded gains of 84%, 194%, and 446%
• Technical analysis shows double bottom pattern with key support at $0.27 neckline level
• Trading volume increased 75.86% as price attempts recovery from current $0.23 support zone

China-based pork processing company and Bitcoin miner Bit Origin announced Monday it completed the acquisition of 40.5 million Dogecoin for its crypto treasury. The company previously stated on July 17 its goal to become the largest publicly traded DOGE holder.

🚀 Big News!

Bit Origin (NASDAQ: $BTOG) has secured $500M to launch the first public dogecoin treasury on a major US exchange.

We’re not just mining we’re building the next era of decentralized payments, compute, and value.

This is the origin of change
This is Bit Origin!… pic.twitter.com/r63k675mtv

— BTOG (Bit Origin) (@BitOriginLtd) July 18, 2025

Bit Origin entered agreements with investors to raise $500 million through share sales and debt offerings. The treasury purchase represents part of this broader strategy.

DOGE has traded in a range between $0.14 and $0.29 for several days. The price shows buying activity NEAR support levels and selling pressure near resistance.

The token turned down from $0.29 on Monday and reached the 20-day simple moving average at $0.21 on Thursday. Buyers attempted a rebound but face selling pressure at $0.26 and again at $0.29.

Technical Patterns Signal Potential Breakout

Technical analyst Ali Martinez identified a double bottom pattern formation on DOGE’s multi-month chart. This pattern typically appears near cycle lows and often leads to trend reversals.

Dogecoin $DOGE is retesting the neckline of a double bottom. This is a key support zone that could offer a solid entry point before the next leg up! pic.twitter.com/1AtG0bPwao

— Ali (@ali_charts) July 23, 2025

DOGE recently broke the neckline of this pattern near the $0.27 level. The breakout followed a 40% increase from the second bottom formation.

If the $0.27 level holds during current retesting, it could validate the breakout pattern. Martinez projected short-term resistance around $0.33 and medium-term targets at $0.42.

A breakdown below $0.27 WOULD invalidate the double bottom pattern. The 20-day SMA has started turning down with RSI in negative territory.

Dogecoin price also formed a bullish Moving Average Convergence Divergence crossover. Historical data shows previous MACD crossovers led to rallies of 84%, 194%, and 446%.

The recent crossover occurred around an ascending trendline active since early 2023. Analysts forecast a potential 610% rally from current levels, targeting $0.60 to $0.70.

Whale Activity Shows Accumulation Pattern

On-chain data reveals whale wallets accumulated over 310 million Doge tokens in 48 hours. This accumulation occurred after a brief profit-taking dip earlier in the week.

Over 310 million Dogecoin $DOGE have been swallowed up by whales in the past 48 hours, signaling major accumulation after a brief profit-taking dip. pic.twitter.com/ftWYPPhzCL

— Ali (@ali_charts) July 23, 2025

Santiment data shows wallets containing 100 million to 1 billion DOGE increased their holdings. This purchase activity coincided with price recovery efforts.

Historical patterns indicate whale accumulation often precedes price rallies. The recent buying occurred during broader market consolidation.

Trading data from Hyperliquid shows a large trader deposited $3.92 million USDC. The trader opened a long position on Dogecoin with 10x leverage.

The Leveraged position holds 81.4 million DOGE at an entry price of $0.2435. The total position value reaches approximately $19.7 million.

Dogecoin price broke through a 146-day ascending channel and retested critical resistance levels. The token reached a weekly peak above $0.28 before declining 4% to $0.2392.

Trading volume increased 75.86% despite the market cap decline. DOGE currently attempts recovery after the pullback with support forming near $0.23.