Dogecoin (DOGE) forecast for December: expert opinions

Experts have differing opinions on what December will be like for Dogecoin

General positivity in the crypto industry can support the coin

At the beginning of December 2023, the most capitalized cryptocurrency, Bitcoin , once again updated its annual maximum value . Altcoins, as observations show, largely repeat the movements of BTC . The editors of BeInCrypto decided to find out whether Elon Musk's favorite cryptocurrency, DOGE , will be able to demonstrate the same results at the end of the year. To do this, we asked experienced experts to give a Dogecoin forecast for December 2023

Dogecoin forecast for December 2023

Our interlocutors had differing opinions about what December could be like for Musk’s favorite coin. To make it easier to get to know the forecasts, we have divided them into several groups.

Growth likely

Trader, entrepreneur Ilnur Mukhtov sees a “downward channel” on the DOGE chart

“This is a bullish pattern. I expect a breakthrough with an upward impulse. The minimum target is $0.22-0.25. I think Elon will definitely contribute to this,” our interlocutor summed up his Dogecoin forecast for December

Bitget Research chief analyst Ryan Lee, in turn, believes that DOGE will see a stable trend with an upward trend in December.

“The current price of DOGE is closely correlated with the activity of Musk's spacecraft. In the absence of external incentives, the price mostly follows the BTC trend, showing weak dynamics. The first resistance level is above $0.086, and if there is a breakout, then attention should be paid to the $0.095 resistance. The support level is lower - $0.065,” this is how our interlocutor completed the Dogecoin forecast for December 2023.

StormGain cryptocurrency exchange expert Dmitry Noskov also joined the optimists. He drew attention to the growth in the volume of large (the size of which exceeds $100 thousand) transactions with Dogecoin. 

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