3 notable meme coins in the upcoming December

The meme coin market enters December with many fluctuations and distinct setups. Some coins are facing weak capital flows and diminishing upward momentum, while other names are signaling early signs of the ability to bounce back in buying power. The overall market context remains fragile, so any changes in investor sentiment could significantly impact these tokens.

This article focuses on analyzing three meme coins that are in a pivotal position, each carrying its own unique combination of risks, reversal signals, and factors that could drive prices in the near future.

Dogecoin (DOGE): Interwoven between expectation and reality

Dogecoin continues to be a standout name in the list of notable meme coins for December, thanks to the intersection of expectations about ETFs and its still modest actual performance.

Last November witnessed the launch of two spot DOGE products: Grayscale's ETP (GDOG) and Bitwise's ETF (BWOW). However, the inflow of funds remains quite limited — Grayscale recorded a total of about 2.16 million USD, while Bitwise has not seen any new inflows, reflecting that demand has not really exploded.

Source: SOSO ValueDOGE price increased by 9.4% in the past week thanks to media effects from ETP/ETF products, but looking more broadly at the 30-day chart, this coin has still fallen over 20%.

Ray Youssef, CEO of NoOnes, stated: “The price reaction of Dogecoin to Grayscale's ETP is largely a media effect and does not yet reflect a structural change in market perception. We still need more time to observe the demand from institutions.”

The technical indicators also show that momentum is still unstable. From November 18 to 26, the price of DOGE formed lower highs, while the RSI index created higher highs — a hidden bearish divergence, which often signals a continuation of the downtrend.

In December, DOGE needs to surpass the $0.20 threshold to strengthen its position. Youssef believes this target is still feasible, but notes: “Dogecoin is still dependent on the overall market trend, which is heavily influenced by Bitcoin and Ethereum.”

DOGE price analysis | Source: TradingViewIf DOGE falls below $0.13, the sellers may gain complete control. The price battle in December will be determined by whether the resistance or support level is conquered first.

Official Trump (TRUMP): Momentum from macro factors

Official Trump (TRUMP) started November with a weaker position compared to many meme coins, as the price fell about 3% in the week and nearly 27% over the past 30 days.

This fall indicates that TRUMP is facing difficulties even as many other meme coins experience short bounce backs. However, the outlook for December may change due to an important macro factor: President Trump is expected to appoint a new Fed Chair next month, with initial signals suggesting that monetary policy will be more accommodative, which is generally beneficial for risk assets.

In addition, Mr. Trump has continuously called for a reduction in income tax during his public appearances, creating additional psychological momentum for the token named after him.

Technical indicators support the bounce back trend: From November 25 to November 27, the price of TRUMP formed lower lows, while the CMF (Chaikin Money Flow) indicator formed higher lows — a bullish divergence signal, suggesting that large funds are starting to return. CMF has also crossed above the downtrend line, reinforcing the recovery outlook.

To maintain the upward momentum, TRUMP needs to reclaim the level of $8.07 ( the Fibonacci level 0.618). If it surpasses this threshold, the price could aim for $9.56 — the nearest strong resistance zone. Conversely, if it closes below $5.66, the downtrend may continue and the bullish signal from CMF will be invalidated.

Analysis of TRUMP price | Source: TradingViewDecember will be a crucial test for TRUMP, to see if market sentiment and the story of the new Fed Chair can pull this token back to a strong upward trend.

Pudgy Penguins (PENGU): Early reversal signal after a deep fall series

Pudgy Penguins (PENGU) remains in the list of notable meme coins in December thanks to a rare early reversal signal, after a month of the strongest fall in the industry.

Although PENGU still fell by 47.1% in November, last week recorded a bounce back of 7.6% — a sign that buying power is returning.

On the 12-hour chart, from November 4 to 29, the price of PENGU created lower lows, while the RSI index made higher lows — a bullish divergence pattern that often signals a trend reversal. The appearance of this signal on a shorter time frame indicates that buyers have started to take action, although the long-term trend remains weak.

To establish strength in December, PENGU needs to surpass the threshold of $0.014 (Fibonacci 0.618). If successful, this token has a chance to retest the area of $0.016 — the nearest structure peak. If momentum is maintained, this will be the first notable bounce back setup after weeks of sell-off.

PENGU Price Analysis | Source: TradingViewOn the downside, $0.0098 is an important support level that needs to be maintained. If this level is lost, the bullish divergence signal will be invalidated and PENGU may revert to the weak trend of November.

Although the monthly chart still faces many challenges, the early reversal signal makes PENGU one of the meme coins worth watching as December begins.

Mr. Teacher