Dogecoin Price Prediction: Whales Buy In as Bulls Eye $0.30

Whale Buys and Metrics Support Dogecoin Price $0.30 Target

Dogecoin price jumped 6.89% in the last 24 hours and sits at $0.2228, showing strong short-term momentum. According to CoinMarketCap, the memecoin also recorded an 8.71% increase in the past seven days.

In the last 30 days, DOGE price has risen more than 29% as it moved between a low of $0.1657 and a high of $0.2876. At press time, the token trades above the breakout point at $0.2129, which has become immediate support.

Whales Accumulate DOGE as On-Chain Activity Explodes

According to a post on X  by Ali Charts Santiment data shows, whale wallets have bought more than 230 million DOGE during the past 24 hours alone. 

This comes after a massive 1 billion DOGE accumulation on August 6th, which shows positive smart money interest.

Doge wallets accumulation : Source : Santiment on X

This new surge in buying of whales makes the total accumulation this week to be more than 1.2 billion DOGE. Such large movements suggest confidence in DOGE price next bullish leg toward the $0.30 mark.

IntoTheBlock on-chain data shows this trend of accumulation with sizes of transactions. Transfers of more than $10 million increased by 8060%, and 100k to 1M increased by 679.78%.

Dogecoin Transaction count by size : Source : IntoTheBlock now Sentora

The volume in the middle level also rose. Transactions of 10k-100k increased by 654.67%, and in the 1k-10k range, by 278.45%, indicating increasing interest on the part of all types of investors.

Whale buildup is usually a precursor to price rallies and these large transaction spikes are indicative of institutional positioning. The scale and velocity of inflows indicate that DOGE price is still in a bullish set-up.

On-Chain Metrics and Miner Activity Signal DOGE Price Strength

Furthermore, the total number of addresses with balance on Meme Coin is now 6.58 million, the largest ever recorded on IntoTheBlock. The 30-day average and low are 6.57 million, meaning that there is consistency in the growth of active users.

Daily active address figures have also spiked. In the past 7 days, new addresses increased by +102.40% and active addresses increased by +111.32%.

Dogecoin daily active addresses : Source : IntoTheBlock

During the same period, zero-balance wallets grew by +155.39, indicating not only re-engagement but also significant amounts of transactional churn. This means active user involvement and not merely passive possession.

These network growth signals align with rising transaction counts. Transaction volume in the $1–$10 range grew by 1542.53%, while the $0–$1 range spiked by 1743.79%.

Additionally, according to Joao Wedson, Mining Equilibrium Index of Memecoin has just turned bullish. This means that miners are profitable once again, and they are not under a sell pressure anymore.

Dogecoin bubble risk : Source : Alphractal 

At the same time, the Market Capitulation Oscillator and Hash Capitulation Oscillator do not show the miner exits. Such stable indicators are an indication of stability and the lack of panic among core validators.

In the meantime, the Bubble Risk Index is neutral with no overheat or speculative blowoff tops. This leaves Memecoin with more upside potential before it runs out of steam.

Dogecoin Price Action Points to Retest and Rally

On the technicals, the 3-day chart by analyst Trader Tardigrade shows, Memecoin price has been bouncing several times between long-term channel support and resistance since 2023. 

Price has recently found support at the $0.145 level, rebounding with high momentum.

Dogecoin 3-day price chart : Source : X

Additionally, on the 4-hour chart, price has surged past the $0.2129 resistance level and may now be aiming at the $0.2475 level as the next short-term area. 

Strength could be affirmed by a successful retest of the new support, which could see a possible Dogecoin price move to $0.30.

Dogecoin 4hr chart : Source : TradingView

If this rally sustains, the long-term upper trendline near $0.33 could be next. However, Dogecoin price must maintain volume and support integrity in the near term.