TL;DR

• DOGE is up

• SHIB is up

• Memecoin predictions 2025 – Will they finally learn their lessons from 2024’s rallies?

• Dogecoin: Analyzing the impact of a 155% address surge on DOGE’s prices

• MEXC lists XRPL meme coin PHNIX

• Popcat's Price Decline and Market Share Loss in the Solana Meme Coin Market

• The Future of Dogecoin: Utility, Transparency, and Regulatory Pressures

• Rise of Meme Coins on the XRP Ledger: PHNIX Leads the Charge

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Dogecoin Price

Crypto is up this week, with DOGE being up 0.77% and SHIB up 2.84%:

Dogecoin (DOGE) Weekly Analysis

Market Performance

Dogecoin (DOGE) is showing mixed performance this week. As of now, DOGE is priced at $0.3142, reflecting a marginal increase of 0.06% in the last 24 hours, with a live market cap of $46.3 billion. DOGE boasts a circulating supply of 147.31 billion coins and a max supply of 147.37 billion. Trading volume in the last 24 hours stands at $3 billion. Interestingly, DOGE's price is now accessible in INR, expanding its reach to Indian traders.

Historical data suggests that December is a significant month for Dogecoin, with an average monthly growth of 22.2% over the last decade. However, DOGE is currently down 23% this month. For the coin to align with its historical average, a rally of 50% would be required in the remaining days of December. Despite the challenge, analysts remain optimistic, citing November's impressive 161.5% growth as a potential catalyst. With ongoing bullish momentum in the market, investors are watching closely to see if DOGE can replicate its previous December achievements.

Technical Analysis and Market Sentiment

DOGE/USD is currently trading at $0.3202, reflecting a 0.93% intraday increase despite a 11.17% drop in trading volume to $2.31 billion. The coin has rebounded from a low of $0.3103 and is eyeing the 50 EMA resistance level at $0.36, which could reignite investor optimism. Historically, December has been a landmark month for DOGE, marked by its first $1 billion market cap milestone seven years ago.

While investor confidence remains subdued due to lingering price fluctuations, the meme coin’s resilience suggests potential for a strong finish to the year. Analysts argue that DOGE’s ecosystem must rally significant support to achieve the required momentum. With its historic record and rising adoption, December might still hold surprises for Dogecoin enthusiasts, making it a key player to watch in the crypto market.

Financial News

Dogecoin Faces Potential 25% Price Decline Amid Bearish Market Trends

Dogecoin (DOGE), the largest meme coin, is at risk of a significant price drop due to a bearish price pattern and unfavorable market sentiment. On December 26, the broader cryptocurrency market, including Bitcoin and Ethereum, experienced a sharp decline, intensifying bearish activity across assets. Technical analysis indicates that DOGE is teetering on the lower boundary of its consolidation zone at $0.30. If it closes below this level, it could trigger a 25% decline, dropping to $0.22. However, should the coin maintain its position above $0.30, the bearish outlook may fail to materialize.

On-chain metrics further highlight traders’ pessimism, with DOGE’s Long/Short Ratio falling to 0.71, the lowest since early December. Nearly 58.3% of top traders are holding short positions, indicating strong bearish sentiment. Despite this, long-term holders appear to be accumulating DOGE, as exchanges recorded a $32.75 million outflow, signaling a potential buying opportunity. At press time, DOGE trades near $0.315, with its trading volume dropping by 13%, reflecting waning market participation and lingering fears of further decline.

BonkDAO Token Burn: Limited Impact on BONK’s Price?

BonkDAO recently burned 1.69 trillion BONK tokens, reducing the total supply by 1.8%, which may seem like a deflationary measure intended to increase the token’s value. However, despite the $54.52 million worth of tokens being removed from circulation, BONK has struggled to break through key resistance levels, particularly at $0.00003517. At press time, the token was trading at $0.00003144, reflecting a 6.50% decline in the past 24 hours. Market sentiment remains bearish, with traders betting on a further decline, as evidenced by the high short interest (70.03% short positions compared to 29.97% long positions).

While the token burn could theoretically reduce supply and lead to price appreciation, the current market environment and weak technical indicators suggest limited immediate effects on BONK's price. Social engagement has also significantly dropped, indicating a decline in market interest. The ADX indicates weak trend momentum, and the MACD is showing negative signals, further suggesting that there’s insufficient buying pressure to push prices higher. Without a new catalyst, it seems unlikely that the recent token burn will trigger a significant rally in the short term.

Shiba Inu’s Bearish Performance and Rising Whale Activity

Shiba Inu (SHIB) has shown a decline of 11% over the last 30 days, currently trading at $0.0000223, with rising sell-side pressure and a lack of fresh demand contributing to its sluggish performance. On the one-day chart, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both point to bearish momentum, indicating that selling activity remains dominant. If the selling pressure is exhausted without new buying interest, SHIB might continue consolidating at lower price levels, possibly revisiting the uncollected liquidity at $0.0000185. However, if buyers step in, SHIB could see a reversal, with the potential to target the 0.5 Fibonacci level at $0.0000259.

Despite the bearish trends, Shiba Inu whale activity has seen a significant uptick, with large transactions exceeding $100,000 rising three-fold from 1.07 trillion to 3.75 trillion SHIB in 24 hours. This indicates renewed interest from whales, although it still remains below the weekly average, suggesting that broader market participation is needed to drive price movement. The derivatives market also reflects a bearish outlook, with a drop in Open Interest and speculative activity. The success of a potential rally in 2025 could depend on broader market trends and external factors, such as the inauguration of US President-elect Donald Trump, which could influence SHIB’s price trajectory.

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