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🚀 $DOGE News Update: Treasury Purchases Could Spark Rally to $0.29! 🐶

Bit Origin, a China-based pork processing company and Bitcoin miner, just acquired 40.5M Dogecoin ($DOGE ) for its crypto treasury, aiming to become the largest publicly traded DOGE holder! 💰 The firm plans to raise $500M through share sales and debt offerings to fuel this ambition.

📈 Price Analysis: $DOGE is trading in a range between $0.14 and $0.29. After hitting resistance at $0.29, it pulled back to the 20-day SMA ($0.21). Buyers are now pushing for a rebound, targeting $0.26 and $0.29. A breakout above $0.29 could send DOGE soaring to $0.44! 🚀 However, a drop below $0.21 might keep it range-bound.

📊 4-Hour Chart: The 20-SMA is trending down, and RSI shows bearish momentum. Relief rallies to the 20-SMA may face selling pressure, but a close above it could signal a push to $0.27 and $0.29.

Will Bit Origin’s treasury move ignite a DOGE rally? Let’s watch the charts! 👀