Dogecoin (DOGE) Price Prediction for December 29

Dogecoin (DOGE), the biggest and hottest meme coin by market cap, is exhibiting indicators of reversing its latest value decline. Over the previous few days, DOGE has skilled a major drop, however latest consolidation, steady accumulation by whales, and a shift in market sentiment may be 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 skilled 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.

Nevertheless, this hypothesis is predicated on a brief timeframe and will seem within the coming days.

On the every day timeframe, DOGE seems to be consolidating inside a good vary under the essential assist stage of $0.36. Based mostly on latest value motion, if DOGE breaks out of this slim zone and closes a every 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 distinguished crypto skilled’s publish on X (previously Twitter), whales have bought a major 90 million DOGE tokens. This substantial accumulation by whales has the potential to create shopping for strain and drive additional upside momentum.