Dogecoin price is stirring curiosity as major whale wallets reportedly scooped up over 130 million DOGE within 24 hours, right before two crucial macro events. The U.S. Fed rate decision and the release of the White House’s Digital Assets Stockpile Report. Such synchronized buying and sentiment spikes suggest a volatile breakout ahead.
DOGE Price To Blast, As Whales Load Up Ahead of Key Events
In a recent X post, analyst Ali Martinez shared that large Dogecoin holders accumulated 130 million DOGE as the price dipped, per Santiment’s on-chain data. Such moves often act as precursors to major price swings, and this time, the timing couldn’t be more strategic.
As tomorrow two major events are scheduled to happen that could reshape the entire crypto sector and altcoin such as Dogecoin could be greatly influenced.
First key event is, the Federal Reserve is expected to announce its interest rate decision. While, the second one is that the White House will also release its Digital Assets Stockpile Report, which is widely speculated to influence regulatory outlooks and investor behavior.
These developments not only could raise volatility expectations but also signal increased institutional and retail interest in DOGE crypto.
Double Bottom Breakout and Target Zones on the Chart
Adding to the optimism is a bullish double bottom breakout formation on the Dogecoin chart, as noted by multiple market watchers. This classic reversal pattern has been confirmed with a successful retest at the $0.23 support level, strengthening the potential for a fresh rally.
If momentum continues, the next DOGE price targets lie at $0.31 and $0.44 respectively. These are levels that has previously acted as resistance.
Moreover, rising Google search volumes for altcoins show that not only are whales interested, but retail investors are returning too. Increased retail participation often amplifies volatility and momentum during key events, creating a perfect storm for assets like Dogecoin crypto.
Elliott Wave Signals Massive Upside in Long Term
Looking further out, some analysts are interpreting the Dogecoin price forecast through the lens of Elliott Wave Theory. In a long-term analysis shared on X, one chartist highlighted that DOGE’s 2024 Q4 surge following Trump’s election victory marked the first wave, while the correction during H1 2025 formed the second wave.
According to this view, July’s rally marked the start of Wave 3, often the strongest and most explosive in Elliott Wave cycles. If accurate, this wave could push DOGE price USD beyond the $3 mark over the next few months.
This analysis is built on historical wave tracking dating back to 2015, with DOGE consistently respecting this theoretical structure. As Dogecoin crypto aligns with both technical setups and market sentiment shifts, it positions the Dogecoin price for what could be one of its strongest quarters in recent memory.
