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A very different December meme setup is trending as the market enters a new month. Some are dealing with weak flows and rush moments, while others are showing the first signs that buyers may finally return. The broader market appears to be fragile, so any change in sentiment could quickly affect these symbols.
This list focuses on three names that are now sitting at key levels, each with a combination of risks, reversal signals and potential factors.
Dogecoin (DOGE)
Dogecoin is one of the digital currencies Surveillance meme coins In December because it enters the new month with a strange mix of ETF hype and poor performance.
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In November, two Dogecoin products were launched – the Grayscale ETP (GDOG) and the Bitwise ETF (BWOW). But the flows were weak. Grayscale maintains about $2.16 million in cumulative flow, while Betwise still shows zero, giving It indicates limited demand so far.
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Dogecoin price increased 9.4% over the week thanks to the ETP/ETF hype, but the 30-day chart still shows a loss of 20%+.
When asked if Dogecoin’s initial reaction to Grayscale’s ETP was significant, No Ones CEO Ray Youssef emphasized that this early resilience should not be misinterpreted as structural change.
He said that the Dogecoin price reaction to the Grayscale ETP appears to be a reaction to the ETF’s titles rather than any structural changes to the prevailing perception of the asset… It is still too early to identify any change in institutional demand.
Momentum also seems unstable. Between November 18 and November 26, a lower high was formed in the price while the Relative Strength Index – an indicator of momentum – rose to a higher high. This is a hidden bearish deviation, which often indicates a continuation of the downtrend. Possible monthly weakness.
In December, Dogecoin must cross $0.20 to gain strength.
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Youssef explains that the level of $0.20 is still possible, but warns that the symbol remains linked to the general market flows:
“Dogecoin can certainly reach $0.20 before the end of the year, but the path to that range is narrow… It will probably remain a follower in a market that is moving almost entirely towards Bitcoin and Ethereum,” Youssef said.
If the level of $ 0.13, a decline of 11%, is broken, the sellers will probably take back full control. In December, the Dogecoin price battle will be decided by which level will be reached first – resistance or support.
Official Trump (TRUMP)
Trump’s official currency (TRUMP) December entered from a weaker position than most currencies. It is down about 3% in the weekly chart and almost 27% in the last 30 days.
The decline shows that TRUMP has struggled even as many other meme coins have made brief recoveries. But December may not be that weak, as there is a big macro catalyst at play, which puts it on the list of meme coins to watch.
President Trump is expected to appoint a new head of the Federal Reserve next month. The first signs indicate a shift towards flexible policies, and such a move typically increases riskier assets.
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TRUMP also pushed for income tax cuts during public appearances, adding another layer of emotion to the symbol that bears his name.
The file supports this transformation. Between November 25 and 27, TRUMP’s price hit a new low while the Chaikin Money Flow indicator, a big money tracker, formed a higher low. This is a bullish divergence and shows upward pressure from the big bucks below the surface. The CMF also broke above its downtrend line, strengthening the case for a rebound.
For this rebound to continue, TRUMP must claim $8.07, which is the 0.618 Fibonacci level. A clean break above opens the way to $9.56, where the last major rejection occurred.
On the downside, the $5.66 level remains crucial support. A clear close below reveals deeper losses and cancels the bullish CMF signal. December becomes an important test of whether the Fed chairman’s sentiment and narrative can return TRUMP to a stronger trend.
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Fat penguins (PENGU)
I PAY It remains on the list of cryptocurrencies to watch in December as it shows a rare early reversal signal after one of the worst monthly performances in the sector.
PENGU still fell about 47.1% in November, but the last week brought a 7.6% rebound that indicated a possible change.
The signal comes from the 12 o’clock chart. Between November 4 and November 29, PENGU created a new low while RSI created a higher low.
This pattern is called a “bullish divergence” and often precedes a trend reversal. Seeing it on the 12-hour chart shows that buyers are in the first step, even when the trend over longer periods remains weak.
To regain strength in December, PENGU needs to recover $0.014, which is in line with the 0.618 Fibonacci level. A direct break above that zone gives the currency room to test $0.016, the top of the current structure.
If momentum takes hold, this becomes the first serious setup for a recovery after weeks of selling.
On the downside, $0.0098 is the line to hold. Losing that support cancels the bullish divergence and returns PENGU to its November weakness.
Despite the tough monthly chart, PENGU’s initial reversal signal makes it one of the cryptocurrencies to watch as December approaches.
