TL;DR

• DOGE is down

• SHIB is down

• Pepe Memecoin Hits All-Time High, Surpasses Uniswap in Market Cap

• BONK Price Prediction: A Bullish Pattern Amidst Market Challenges

• Meme Coins Rally as GameStop Trader Keith Gill Returns to X

• HAWK Launch Sparks Legal Concerns Amid Allegations of Misconduct

• Coffeezilla Challenges Misleading Headlines About Hawk Tuah Memecoin

• FCA Blocks Pump.fun, Citing Unauthorized Operations in the UK

Dogecoin Price

Crypto is up this week, with DOGE being down 1.93% and SHIB down 8.77%:

Dogecoin (DOGE) Weekly Update

Dogecoin faced a volatile week, with its price standing at $0.4064, reflecting an 8.92% drop over the last 24 hours. Despite this, market sentiment remains mixed, as bullish momentum earlier in the week attempted to push DOGE above $0.48 on December 8, only to encounter resistance from sellers. The live market capitalization is $59.78 billion, supported by a circulating supply of 147.10 billion DOGE and a maximum cap of 147.14 billion DOGE. Trading volumes remain strong, with a 24-hour volume of $12.32 billion indicating persistent investor interest.

DOGE’s price action is influenced by broader market trends and technical indicators. The upsloping 20-day EMA ($0.41) and the RSI in the positive zone suggest that bulls are still attempting to maintain control, positioning the path of least resistance toward the upside. However, near-term downward pressure has tempered optimism, as the price dipped below key levels after a failed breakout attempt.

DOGE Market Analysis

Dogecoin has been trading within a rising channel, and a successful push above $0.48 could signal a rally to $0.60, as per recent technical patterns. The 20-day EMA's bullish slope offers support to the price action, but failure to sustain these levels could lead to a downward acceleration, pulling DOGE to as low as $0.33.

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