Dogecoin (DOGE) Price Prediction for December 29

Dogecoin (DOGE), the leading and most prevalent meme token by market capitalization, exhibits indications of reversing its recent price depreciation. Over the past several days, DOGE experienced a notable decline, but recent consolidation, sustained accumulation by whales, and a shift in market sentiment may contribute to potential upward momentum.

Can Dogecoin (DOGE) Break $0.36? Crucial Levels to Monitor

Amidst market uncertainty and ongoing consolidation, DOGE has formed a descending triangle pattern on the four-hour timeframe, poised for a breakout.

DOGE Price Prediction

Based on expert technical analysis, if the meme coin breaches this pattern and settles above $0.327 on the same timeframe, there is a strong likelihood of a 11% surge to $0.36 in the near term.

Critical Support and Resistance Levels

On the daily timeframe, DOGE appears to be consolidating within a tight range below the crucial support level of $0.36. Based on recent price action, if DOGE breaks out of this narrow zone and settles above $0.36, there is a high probability of a 30% surge to $0.465 in the coming days.

Whale Accumulation

Amidst this consolidation, whales have demonstrated considerable interest and confidence in the meme coin. According to a prominent crypto expert, whales have acquired a substantial 90 million DOGE tokens, creating potential buying pressure and driving further upside momentum.

Current Price Momentum

Presently, DOGE trades near $0.32, having experienced a price rally of over 2.45% in the past 24 hours. However, during the same period, its trading volume diminished by 37%, indicating reduced participation due to recent market uncertainty.