Major Developments Impacting Dogecoin
Dogecoin (DOGE) is experiencing a confluence of significant events that could shape its price trajectory. The cryptocurrency has seen 21Shares resubmit its DOGE ETF filing to the SEC, while Grayscale’s Dogecoin Trust has already attracted over $2.8 million since its listing on the NYSE. Concurrently, developers have proposed reducing block rewards to curb yearly inflation, a move that could impact the asset's supply dynamics. These developments come shortly after Buenos Aires approved DOGE for municipal tax payments, introducing a new real-world utility for the cryptocurrency.
The most impactful narrative shift originates from Argentina’s capital. As highlighted by Merlijn The Trader, Buenos Aires now permits residents to pay municipal taxes using Dogecoin through licensed payment providers. This represents one of the most direct instances of city-level adoption for a meme coin, signaling a transition from a cultural icon to a functional payment method in a major global city.
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
Technical Analysis and Whale Accumulation
On the charts, the DOGE price is trading around $0.149 and is currently situated within a wedge pattern, a formation that often precedes an upward breakout. A sustained push above the $0.16 mark could increase the likelihood of reaching $0.18 and potentially $0.20. The Relative Strength Index (RSI) is near 61, indicating that buyers are maintaining control, and the Moving Average Convergence Divergence (MACD) is showing signs of turning green again, suggesting positive momentum. However, the breakout pattern is not yet confirmed.
Conversely, a price drop below $0.145 could lead to a decline back to $0.13, extending the existing three-month downtrend. In parallel, on-chain activity has shown a notable shift. Analyst Ali reported that whales accumulated approximately 480 million DOGE within a 48-hour period. Such concentrated buying activity is often interpreted as a precursor to a significant price move, especially when occurring near pattern boundaries and coinciding with major news events.
480 million Dogecoin $DOGE bought by whales in 48 hours! pic.twitter.com/RlGD4rYHA2
— Ali (@ali_charts) December 4, 2025
Future Price Potential and Market Sentiment
The potential for further adoption by other global cities could significantly boost Dogecoin's demand. Even a limited series of municipal integrations could drive the DOGE price towards the $0.20 region, particularly if the Falling Wedge pattern confirms with an upward breakout. When combined with the prospect of an ETF approval and the proposed reduction in inflation through a block reward cut, Dogecoin's next price surge could differ substantially from previous cycles.
Currently, the market's attention is focused on the $0.16 price level. A decisive break above this threshold could signal a market consensus that the adoption narrative is gaining genuine traction.