Dogecoin (DOGE) is entering an unusual moment where several major developments are hitting at once. 21Shares has resubmitted its DOGE ETF filing to the SEC, and Grayscale’s Dogecoin
Trust has already pulled in more than $2.8 million since listing on the NYSE. The DOGE price now trades around $0.149 as it moves inside a wedge pattern that traders are watching closely.
Developers have also suggested cutting block rewards to reduce yearly inflation. All of this comes shortly after Buenos Aires approved DOGE for municipal tax payments, giving the asset a new real-world use case.
The biggest narrative shift comes from Argentina’s capital. As Merlijn The Trader highlighted, Buenos Aires now allows residents to pay municipal taxes using Dogecoin through licensed payment providers.
BULLISH:
— Merlijn The Trader (@MerlijnTrader) December 4, 2025
🇦🇷 Buenos Aires now allows municipal taxes to be paid through Dogecoin via licensed crypto payment providers.
DOGE went from a meme…
to a functioning payment rail in a major global city. pic.twitter.com/0Gdvy1qDqb
It marks one of the most direct examples of city-level adoption for any meme coin. Dogecoin has gone from being just a fun cultural icon to something people can actually use for payments in a major city, and we’re only starting to see what that might mean.
On the chart, the DOGE price is trading around $0.149 and sitting inside a wedge pattern that often breaks to the upside.
If it can push above $0.16, the move toward $0.18 and maybe even $0.20 becomes much more likely.The RSI near 61 shows buyers are still in control, and the MACD is turning green again. But the setup isn’t confirmed yet.
If the DOGE price drops below $0.145, it could slide back to $0.13 and extend the three-month downtrend. At the same time, on-chain activity is beginning to shift.Analyst Ali reported that whales accumulated 480 million DOGE in just 48 hours.
That level of concentrated buying rarely happens without expectations of a larger move ahead. Accumulation near pattern boundaries often signals confidence in a breakout, especially when major news events line up with price compression.
480 million Dogecoin $DOGE bought by whales in 48 hours! pic.twitter.com/RlGD4rYHA2
— Ali (@ali_charts) December 4, 2025
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What DOGE Could Do If More Cities Follow Buenos Aires
This is where speculation becomes interesting. If other global cities adopt DOGE for taxes or payments, demand could rise significantly.
Even a small wave of municipal integrations could lift the DOGE price toward the $0.20 region, especially if the Falling Wedge breakout confirms.
Combine that with a potential ETF approval and reduced inflation from the proposed block reward cut, and DOGE next pricing wave could look very different from past cycles.
For now, everyone is watching $0.16, because a break above it could be the moment the market decides this adoption story is real.
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