Here’s How High Dogecoin (DOGE) Could Go in December as Whale Activity Drops to 2-Month Lows

Dogecoin (DOGE) begins December with mixed sentiment across the market. Dogecoin ETFs launched last week but saw weak inflows. Grayscale’s GDOG pulled in $2.16M while Bitwise’s BWOW gathered only $365K, a sharp contrast to the strong launches we saw from Bitcoin and Solana. 

At the same time, CleanCore Solutions continues its plan to accumulate 1B DOGE despite its stock dropping 32% in November. 

Another catalyst came earlier this year with House of Doge partnering with Bitstamp to expand treasury and payment integrations. All of this comes as on-chain analyst Ali notes that whale activity on the DOGE network just dropped to its lowest level in two months.

What the DOGE Chart Is Showing

The Dogecoin price is trading around $0.149 on the 4-hour chart after dropping from the $0.18 area earlier in November. The chart is mostly moving sideways now, and the selling pressure from mid-month has faded.

The sharp decline toward $0.133 created the most important support of the month, and DOGE respected that level well. Since then, price has slowly climbed back, though the recovery remains weak compared to other large caps.

The DOGE price is trading within a tight consolidation range between $0.145 and $0.153. Each time the price dips toward the lower boundary, buyers intervene, but without strong volume, DOGE hasn’t been able to break above resistance.

This type of sideways chop often appears when whales step away from the market, which is exactly what the on-chain data shows this week.

If DOGE can break above $0.155 with strength, it can move toward $0.162 next. A solid breakout from there opens the door to $0.175, which is where the last big rejection happened. But if DOGE falls under $0.145, the chart could revisit the $0.133 support level.

Source: Coinank

Market Indicators

RSI sits in a neutral zone around 47–48. This shows DOGE is not overbought or oversold. The market looks balanced but lacks energy. RSI has been hovering in this range for nearly a week, which supports the idea that the DOGE price is waiting for a catalyst.

Open interest sits flat around 1.36B–1.37B. There is no heavy leverage entering the market. When open interest stays this stable, price action usually moves slowly. It becomes easier for large wallets to move the chart, but Ali’s data suggests those wallets are inactive right now.

Long and short positions remain almost perfectly balanced. Net longs show no aggressive accumulation, and net shorts are not increasing either. This balance confirms the sideways structure on the chart.

MACD is flattening near zero after a small bullish attempt. The lines are close together with low histogram activity, which usually signals low volatility.

Read Also: Here’s Where Kaspa (KAS) Price Could Be Headed This Week

DOGE Price Short-Term Outlook for December

Dogecoin starts December with a quiet chart and lower whale activity. That doesn’t mean the price is in trouble, but it does make a quick breakout less likely.

The DOGE price must first reclaim $0.155 and push north towards $0.162 for any meaningful upside. Only then could the bullish momentum resume, opening a run towards $0.175.

The weak ETF inflows also show that institutional interest is low right now. However, DOGE still benefits from strong cultural staying power, according to Bitwise’s CEO, and CleanCore’s large treasury plans could help absorb some of the inflationary supply over time. 

The Bitstamp partnership with House of Doge adds another long-term layer, though DOGE’s lack of smart contract capability limits how fast these developments can impact price.

For upside, DOGE needs to reclaim $0.155 and move toward $0.162. For now, the chart points to a calm and stable December unless Bitcoin makes a strong move. 

If the DOGE price stays above $0.145 and whales return later in the month, it could climb toward $0.162–$0.175. If not, it will probably keep moving sideways until something new drives the market.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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