Dogecoin (DOGE) Price Prediction for December 29

Dogecoin (DOGE), the most important and hottest meme coin by market cap, is displaying indicators of reversing its latest worth decline. Over the previous few days, DOGE has skilled a big drop, however latest consolidation, steady accumulation by whales, and a shift in market sentiment is perhaps driving potential upside momentum.

Can Dogecoin (DOGE) Break $0.36? Key Ranges to Watch

Amid market uncertainty and ongoing consolidation, DOGE has fashioned a descending triangle sample on the four-hour timeframe and is poised for a breakout.

DOGE Worth Prediction

In line with professional technical evaluation, if the meme coin breaches this sample and closes a candle above the $0.327 mark on the identical timeframe, there’s a sturdy chance it may surge by 11% to achieve $0.36 within the close to future.

Nonetheless, this hypothesis relies on a brief timeframe and will seem within the coming days.

On the day by day timeframe, DOGE seems to be consolidating inside a good vary beneath the essential help stage of $0.36. Primarily based on latest worth motion, if DOGE breaks out of this slender zone and closes a day by day candle above the $0.36 mark, there’s a sturdy chance it may surge by 30% to achieve $0.465 within the coming days.

Whales Accumulate 90 Million DOGE

Amid this ongoing consolidation, whales have demonstrated sturdy curiosity and confidence within the meme coin.

In line with a outstanding crypto professional’s put up on X (previously Twitter), whales have bought a big 90 million DOGE tokens. This substantial accumulation by whales has the potential to create shopping for stress and drive additional upside momentum.

Present Worth Momentum

At the moment, DOGE is buying and selling close to $0.32, having skilled a worth rally of over 2.45% prior to now 24 hours. Nonetheless, throughout the identical interval, its buying and selling quantity dropped by 37%, indicating diminished participation from merchants and traders as a consequence of latest market uncertainty.