Category: Crypto News, News
Dogecoin Price Gains Slightly Today (30 July): DOGE Shows Long-Term Potential!
Jakarta, Pintu News – The Dogecoin price is attracting curiosity as large whale wallets have reportedly bought more than 130 million DOGE within 24 hours, just before two important macro events took place: the interest rate decision by the US Fed and the release of the Digital Assets Stockpile Report from the White House.
This kind of simultaneous buying and surge in sentiment hints at the possibility of a volatile breakout in the near future.
Dogecoin Price Rises 0.71% in 24 Hours
On July 30, 2025, Dogecoin saw a modest 24-hour gain of 0.71%, trading at $0.2243, which is equivalent to IDR 3,689. During the day, DOGE touched a low of IDR 3,585 and climbed to a high of IDR 3,815.
At the time of writing, Dogecoin’s market cap stands at around $33.72 billion, with trading volume dropping 26% to $2.07 billion within 24 hours.
Read also: Bitcoin Holds at $117K Today – Is BTC Flashing Early Sell Signals Ahead of a Major Correction?
DOGE Prices Set to Skyrocket as Whales Stockpile
In a recent post on X, analyst Ali Martinez revealed that large holders of Dogecoin had accumulated 130 million DOGE while the price was on the decline, based on on-chain data from Santiment.
This kind of action is often a precursor to a big price move, and this time, the moment was considered very strategic.
Tomorrow, two major events are scheduled to take place that could potentially change the landscape of the entire crypto sector – including altcoins like Dogecoin that could be significantly impacted.
The first event is the announcement of the interest rate decision by the Federal Reserve. Meanwhile, the second event is the release of the Digital Assets Stockpile Report from the White House, which is widely expected to influence regulatory views and investor behavior.
This development could not only increase volatility expectations, but also signal rising institutional and retail interest in crypto assets like DOGE.
Double Bottom Pattern Breakout and DOGE Price Target on the Chart
Adding to the optimistic sentiment, a bullish double bottom breakout pattern has formed on the Dogecoin chart, as noted by several market observers. This classic reversal pattern has been confirmed with a successful retest of the $0.23 support level, reinforcing the potential for a new rally.
If this momentum continues, DOGE’s next price targets are at $0.31 and $0.44. These levels have previously acted as resistance.
In addition, the increasing volume of Google searches for altcoins shows that it’s not just whales that are interested, but retail investors are also starting to get back in.
Increased retail participation often magnifies volatility and momentum when major events occur – creating ideal conditions for crypto assets like Dogecoin.
Read also: Top 3 Memes of Tokens Hunted for High Spikes This Week!
Elliott Wave Theory Points to Potential for Big Long-Term Rise
Looking ahead, some analysts are projecting the Dogecoin price with the Elliott Wave Theory approach.
In a long-term analysis shared on X, a chartist highlighted that the surge in DOGE in the fourth quarter of 2024 following Trump’s victory marked the first wave, while the correction during the first half of 2025 formed the second wave.
According to this view, the rally in July marked the start of wave 3, which is often the most powerful and explosive wave in the Elliott Wave cycle.
If this analysis is correct, then this wave has the potential to push the price of DOGE beyond the $3 mark in the next few months.
This analysis is based on tracking historical wave patterns since 2015, where DOGE has consistently followed that theoretical structure.
With Dogecoin now well-aligned between technical signals and changing market sentiment, the Dogecoin price could potentially enter one of its strongest quarters in recent years.
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