Meme coins to watch in December are lining up in very different configurations as the market enters the new month. Some companies are dealing with weak inflows and waning momentum, while others are showing early signs that buyers may finally be returning. Changes in sentiment could quickly impact these tokens as the broader market appears to be fragile.
This list focuses on three names that currently sit at important levels, each with their own combination of risks, reversal signals, and potential catalysts.
Dogecoin (DOGE)
Dogecoin is one of the meme coins to watch in December as it enters the new month with an odd combination of ETF buzz and poor performance.
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In November, two DOGE spot products were launched: Grayscale’s ETP (GDOG) and Bitwise’s ETF (BWOW). However, inflows remain weak. Grayscale has cumulative inflows of around $2.16 million, while Bitwise is still showing zero, indicating limited demand for now.
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DOGE price is up 9.4% for the week thanks to the ETP/ETF buzz, but the 30-day chart still shows a drop of over 20%.
When asked if DOGE’s initial reaction to Grayscale’s ETP was meaningful, NoOnes CEO Ray Youssef emphasized that this initial resilience should not be mistaken for a structural change.
He said, “Dogecoin’s price reaction to Grayscale’s DOGE ETP appears to be more of an ETF headline reaction than a structural change to mainstream perception of the asset…It’s still too early to call there any change in institutional demand.”
Momentum also appears unstable. From November 18th to November 26th, prices made lower highs, while the RSI, a momentum indicator, made higher highs. This is a hidden bearish divergence and often indicates a continuation of a downtrend. Probably monthly weakness.
Heading into December, DOGE needs to clear $0.20 to increase its strength.
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Youssef agrees that $0.20 is still a possibility, but warns that the token is still tied to broader market flows.
“Dogecoin could definitely rally towards $0.20 by the end of the year, but the path to this range is narrowing…it is likely to remain a passenger in a market driven almost entirely by Bitcoin and Ethereum,” he stressed.
Sellers are likely to regain full control if the price breaks below $0.13, an 11% decline. Dogecoin’s price battle in December will be determined by whether resistance or support levels are asserted first.
President Trump (TRUMP)
President Trump (TRUMP) enters December in a weaker position than most meme coins. It is down about 3% on the weekly chart and about 27% over the past 30 days.
This decline shows that TRUMP is struggling despite several other meme coins posting short rebounds. However, December may not remain as weak. That’s because important macro triggers are currently operating, putting it on the list of meme coins to watch.
President Trump is expected to appoint a new Federal Reserve chairman next month. Early signals point to a dovish shift, and such moves typically push risk assets higher.
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Trump has also publicly advocated for income tax cuts, lending further emotion to the token that bears his name.
The charts support that change. From November 25th to 27th, the TRUMP price hit a low, and CMF (Chaikin Money Flow, a major money tracker) formed an even lower low. This is a bullish divergence and indicates that big money pressure is improving behind the scenes. The CMF has also broken above the downtrend line, increasing the possibility of a rebound.
For this rally to continue, TRUMP needs to regain the 0.618 Fibonacci level at $8.07. A clean break above this will pave the way for the last big rejection at $9.56.
On the downside, $5.66 remains an important support. A clean close below that would expose a deeper loss and cancel out the bullish CMF signal. December will be a key test of whether sentiment and the Fed chair’s words can return President Trump to a stronger trend.
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Pudgy Penguin (PENGU)
Pudgy Penguins (PENGU) remains on our list of meme coins to watch in December after one of the worst monthly performances in the sector and showing a rare early reversal signal.
PENGU is still down about 47.1% in November, but it gained 7.6% last week, suggesting a change may be on the way.
The signal comes from the 12 hour chart. From November 4th to November 29th, the PENGU price hit a low and the RSI hit a low.
This pattern is called a bullish divergence and often occurs before a trend reversal. Looking at the 12-hour chart, we can see that buyers are getting in early, even though the trend on the higher time frames remains weak.
To gain real strength in December, PENGU needs to regain $0.014, which is consistent with the 0.618 Fibonacci level. A clean break out of that zone would give the token room to test the recent structure high at $0.016.
If it gains momentum, it will be the first real recovery phase after several weeks of selling.
On the downside, $0.0098 is the line that should be maintained. Losing that support will invalidate the bullish divergence and pull PENGU back towards November weakness.
Despite the rough monthly chart, PENGU’s early reversal signal makes it one of the meme coins to watch at the start of December.
