Dogecoin (DOGE) Price: 12th Anniversary Brings Tesla Payment Integration

TLDR

• Dogecoin celebrated its 12th anniversary while trading above $0.14, showing a three-month high in network activity with over 71,000 active addresses
• Tesla’s website code now includes Dogecoin as a payment option, potentially allowing purchases of vehicles like the Model 3 and Cybertruck
• Whales accumulated 480 million DOGE tokens between December 2-4, increasing total holdings from 28.0 billion to 28.48 billion
• Despite whale buying and increased activity, DOGE faces strong resistance at $0.1409 and remains below key moving averages
• A spot Dogecoin ETF has launched, marking institutional recognition of the meme coin as a structured investment opportunity

Dogecoin is trading at $0.14185 as the cryptocurrency marks its 12th year since launching in 2013. The meme coin created by Billy Markus and Jackson Palmer now holds a market cap of $22.5 billion and ranks in the top 10 cryptocurrencies.

The network has seen activity reach its highest point in three months. Active addresses climbed to 71,589, the most since September. This increase in engagement comes as Dogecoin enters its 13th year of operation.

Tesla’s website has been updated to include code referencing Dogecoin as a payment method. The integration could enable purchases of electric vehicles including the Model 3 and Cybertruck using DOGE. This change may connect to the XMoney payment system on Elon Musk’s X platform.

Large holders have been actively buying Dogecoin tokens. Between December 2 and December 4, whales purchased 480 million DOGE. Their total holdings increased from 28.0 billion to 28.48 billion tokens during this period.

Price Movement and Technical Levels

The price currently sits at $0.14185, down 1.2% from recent highs of $0.1522. DOGE trades below the MA-20 at $0.14727, MA-50 at $0.16722, and MA-200 at $0.20279.

The cryptocurrency has established a narrow trading range between $0.1393 and $0.1400. Volume hit 333 million during a recent test of resistance, representing a 79% increase over normal levels. This spike triggered selling pressure at the $0.1409 resistance level.

Around 07:00 UTC on December 8, a volume surge coincided with rejection from resistance. The price fell after this event, establishing support at $0.1393. DOGE currently trades around the $0.1395 midpoint of its range.

ETF Launch and Institutional Interest

A spot Dogecoin ETF has launched with limited early participation. The product represents a shift toward institutional recognition of the meme coin. Financial companies now view DOGE as a structured and regulated investment option.

Technical indicators show bearish momentum on daily charts. The MACD signals a strong sell while the ADX confirms trend strength. The RSI stands at 38.3 and the CCI at negative 108.8, indicating the asset approaches oversold territory.

Resistance sits at the Ichimoku Kijun level of $0.15516. Support remains near the recent low around $0.13805. Trading volume dropped after failed attempts to break above resistance.

A break above $0.1409 on steady volume could push the price toward $0.142, with potential movement to the $0.15-$0.16 range if momentum builds. If support at $0.1393 fails, the price may retreat to $0.1380, with further downside possible to $0.13.

Network activity and whale accumulation continue despite the current price consolidation. The cryptocurrency remains in its established range as it enters its 13th year of operation with over 71,000 active addresses and institutional product offerings through the new ETF.

The post Dogecoin (DOGE) Price: 12th Anniversary Brings Tesla Payment Integration appeared first on CoinCentral.