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Predicting the price of Dogecoin (DOGE) on December 29th
Dogecoin (DOGE), the biggest and most popular meme currency by market capitalization, has shown signs of a recent price reversal. In the past few days, DOGE has experienced a significant decline, but the recent consolidation, continuous accumulation by whales, and changes in market sentiment could potentially drive an upward trend. Can Dogecoin (DOGE) break the $0.36 level? Important levels to watch In the context of market instability and the ongoing consolidation process, DOGE has formed a descending triangle pattern on the four-hour timeframe and is preparing for a breakout. Predict the price of DOGE According to the technical analysis of experts, if this meme coin breaks this pattern and closes above $0.327 within the same time frame, there is a high possibility that this currency will surge by 11% to $0.36 in the near future. Please provide the text to be translated. However, this speculation is based only on a short time frame and may occur in the coming days. On the daily timeframe, DOGE seems to be consolidating within a narrow range below the important support level of $0.36. Based on recent price action, if DOGE breaks out of this range and closes the daily candle above $0.36, there is a high likelihood that it could surge 30% to reach $0.465 in the coming days. Please provide the text to be translated. Whale accumulates 90 million DOGE In this ongoing context of consolidation, whales have shown a strong interest and trust in meme coins. According to a post by a prominent cryptocurrency expert on X (formerly known as Twitter), a whale has bought 90 million DOGE tokens. This significant accumulation by the whale could create buying pressure and further drive up the price. Current price momentum Currently, DOGE is trading at around $0.32, experiencing a price increase of over 2.45% in the past 24 hours. However, during the same period, its trading volume has decreased by 37%, indicating a declining participation from traders and investors due to recent market instability. DYOR! #Write2Win #Write&Earn $DOGE {spot}(DOGEUSDT)