Dogecoin (DOGE) Price Prediction for December 29

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Dogecoin (DOGE), the largest and most popular meme coin by market capitalization, is showing signs of rebounding despite its recent sharp declines. DOGE has experienced a significant price correction in recent days, but with a shift in market sentiment, continued whale accumulation, and the end of the consolidation phase, DOGE is poised for potential upside. So, can DOGE break through the $0.36 mark?

Key levels to watch

Amid the current backdrop of market uncertainty and continued consolidation, DOGE has formed a descending triangle pattern on the four-hour chart and may be about to break out.

DOGE price prediction

According to expert technical analysis, if DOGE breaks out of this descending triangle pattern and closes the candle above $0.327 on the same time frame, it could mean that the price will rise by 11% in the near future, approaching $0.36. However, this forecast is based on short-term price movements and actual performance may be revealed in the coming days.

Looking at the daily chart, DOGE is currently consolidating in a tight range below $0.36. If DOGE breaks out of this tight range and closes above $0.36, there could be 30% upside potential in the short term, with a price target of $0.465.

Whales accumulate 90 million DOGE

Amid DOGE’s ongoing integration, whale interest in the memecoin continues to grow. According to a well-known cryptocurrency expert, whales have purchased 90 million DOGE. A large accumulation of whales could bring more buying pressure and push DOGE higher.

Current Price Movement

Currently, DOGE is trading at around $0.32, up more than 2.45% in the past 24 hours. However, its trading volume fell by 37% during the same period, indicating a decrease in participation from traders and investors due to market uncertainty.

Despite the current uncertainty in the market, DOGE's technical picture shows the potential for a breakout. If DOGE can break out of $0.327 and close above $0.36, there could be more upside in the coming days. The continued accumulation of whales also provides potential support for its upside. Investors should keep an eye on these key levels in order to capture possible upside opportunities in DOGE.

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