Dogecoin (DOGE) is starting December with a mixed sentiment across the market. The recent launch of Dogecoin ETFs last week saw weak inflows, with Grayscale’s GDOG attracting $2.16 million and Bitwise’s BWOW gathering only $365,000. This performance stands in sharp contrast to the robust launches observed for Bitcoin and Solana ETFs.
Despite these market conditions, CleanCore Solutions continues with its plan to accumulate 1 billion DOGE, even as its stock experienced a 32% drop in November.
Earlier this year, House of Doge partnered with Bitstamp to expand treasury and payment integrations, presenting another potential catalyst. However, on-chain analyst Ali has noted that whale activity on the DOGE network has recently fallen to its lowest level in two months.
Whale activity on the Dogecoin $DOGE network has dropped to the lowest level in the past two months. pic.twitter.com/tcme4Fb3VT
— Ali (@ali_charts) November 30, 2025
Analysis of the DOGE Chart
The Dogecoin price is currently trading around $0.149 on the 4-hour chart, following a decline from the $0.18 area earlier in November. The chart is largely exhibiting sideways movement, and the selling pressure seen in mid-month has subsided.
A significant support level was established around $0.133 during the sharp decline, a level that DOGE has respected well. Since then, the price has slowly climbed back, although the recovery remains subdued compared to other major cryptocurrencies.
DOGE is consolidating within a narrow range between $0.145 and $0.153. Buyers have consistently intervened on dips towards the lower boundary, but a lack of strong volume has prevented DOGE from decisively breaking above resistance. This pattern of sideways consolidation often indicates a withdrawal of whale activity from the market, which aligns with recent on-chain data.
A strong breakout above $0.155 could lead to a move towards $0.162. A further solid breakout from that level would then open the path to $0.175, the site of a significant past rejection. Conversely, if DOGE falls below $0.145, the chart could revisit the $0.133 support level.
Market Indicators
Relative Strength Index (RSI): The RSI is positioned in a neutral zone, hovering around 47-48. This indicates that DOGE is neither overbought nor oversold, suggesting a balanced market lacking significant momentum. The RSI has remained in this range for approximately a week, reinforcing the notion that the DOGE price is awaiting a catalyst.
Open Interest: Open interest remains stable, fluctuating between 1.36 billion and 1.37 billion. There is no substantial leverage entering the market, which typically leads to slow price action. While stable open interest can make it easier for large wallets to influence the chart, Ali's data suggests these large holders are currently inactive.
Long and Short Positions: Long and short positions are almost perfectly balanced, with no aggressive accumulation of net longs or significant increase in net shorts. This equilibrium confirms the current sideways structure observed on the chart.
Moving Average Convergence Divergence (MACD): The MACD is flattening near zero after a brief bullish attempt. The indicator lines are closely positioned with minimal histogram activity, which typically signals low volatility.
DOGE Price Short-Term Outlook for December
Dogecoin begins December with a quiet chart and reduced whale activity. While this does not necessarily signal immediate trouble for the price, it makes a rapid breakout less probable.
For any significant upside movement, the DOGE price must first reclaim the $0.155 level and push towards $0.162. Only then could bullish momentum potentially resume, leading to a run towards $0.175.
The weak inflows into the new ETFs also suggest low institutional interest at present. However, DOGE continues to benefit from strong cultural relevance, as noted by Bitwise's CEO. Furthermore, CleanCore's substantial treasury accumulation plans could help absorb some of the inflationary supply over time.
The partnership between Bitstamp and House of Doge adds another long-term development, although DOGE's lack of smart contract capabilities may limit the speed at which these advancements can impact its price.
To achieve upside, DOGE needs to reclaim $0.155 and advance towards $0.162. For the immediate future, the chart suggests a calm and stable December, unless Bitcoin experiences a significant price movement.
If the DOGE price manages to stay above $0.145 and whale activity increases later in the month, a climb towards $0.162–$0.175 could be possible. If these conditions are not met, the price will likely continue its sideways trend until new market drivers emerge.