{"id":417831,"date":"2024-08-25T19:30:45","date_gmt":"2024-08-25T14:00:45","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=417831"},"modified":"2024-08-25T21:56:57","modified_gmt":"2024-08-25T16:26:57","slug":"dogecoin-prepares-for-q4-boom-will-doge-break-above-0-12-level","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoin-prepares-for-q4-boom-will-doge-break-above-0-12-level\/","title":{"rendered":"Dogecoin prepares for Q4 Boom: Will DOGE break above $0.12 level?"},"content":{"rendered":"<ul>\n<li><em>The memecoin mania might be on the horizon following this weeks gain as at press time.<\/em><\/li>\n<li><em>Dogecoin set to replicate past success after break out in lower timeframes.<\/em><\/li>\n<\/ul>\n<p>This week, the memecoin crypto community saw a strong performance, with the top seven memecoins recording impressive gains.<\/p>\n<figure id=\"attachment_417876\" aria-describedby=\"caption-attachment-417876\" style=\"width: 2100px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVxieVYXwAAnln1.jpeg\"><img decoding=\"async\" class=\"wp-image-417876 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVxieVYXwAAnln1.jpeg\" alt=\"\" width=\"2100\" height=\"840\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVxieVYXwAAnln1.jpeg 2100w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVxieVYXwAAnln1-300x120.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVxieVYXwAAnln1-1024x410.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVxieVYXwAAnln1-768x307.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVxieVYXwAAnln1-1536x614.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVxieVYXwAAnln1-2048x819.jpeg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVxieVYXwAAnln1-1200x480.jpeg 1200w\" sizes=\"(max-width: 2100px) 100vw, 2100px\" \/><\/a><figcaption id=\"caption-attachment-417876\" class=\"wp-caption-text\">Source: Plazma\/X<\/figcaption><\/figure>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/pepe-coin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Pepe [PEPE]<\/a> led the way, achieving a trading volume higher than that of Shiba Inu [SHIB] and Dogecoin [DOGE] combined.<\/p>\n<p>Dogwifhat [WIF] and \u00a0<a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Floki Inu [FLOKI]<\/a> topped the charts with 41% and 39% gains, respectively, while Dogecoin lagged with an 11% increase. This raises the question: Can DOGE break and sustain its price above $0.12?<\/p>\n<h2><strong>Range breakout<\/strong><\/h2>\n<p>On the 4-hour timeframe, <a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Dogecoin [DOGE]<\/a> has successfully broken out of a narrow range after sweeping liquidity below the recent low with the price action now in an uptrend.<\/p>\n<p>As the broader crypto market gears up for a potential boom in Q4 of 2024, DOGE was already showing signs of further upward movement.<\/p>\n<figure id=\"attachment_417875\" aria-describedby=\"caption-attachment-417875\" style=\"width: 2560px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvYlJAXcAAYs2X-scaled.jpeg\"><img decoding=\"async\" class=\"wp-image-417875 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvYlJAXcAAYs2X-scaled.jpeg\" alt=\"\" width=\"2560\" height=\"1600\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvYlJAXcAAYs2X-scaled.jpeg 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvYlJAXcAAYs2X-300x188.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvYlJAXcAAYs2X-1024x640.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvYlJAXcAAYs2X-768x480.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvYlJAXcAAYs2X-1536x960.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvYlJAXcAAYs2X-2048x1280.jpeg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvYlJAXcAAYs2X-1200x750.jpeg 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-417875\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>The lower timeframes suggest that DOGE could also break out on higher timeframes, reinforcing a bullish outlook.<\/p>\n<h2><strong>Daily and weekly timeframes<\/strong><\/h2>\n<p>Following the breakout on the 4-hour chart, DOGE appears poised to break the descending trendline on the daily chart.<\/p>\n<p>The price has formed a double bottom, a strong signal that DOGE could break back above the $0.12 level and maintain it. While DOGE might not outperform smaller meme coins, it is generally a safer bet with less volatility.<\/p>\n<figure id=\"attachment_417874\" aria-describedby=\"caption-attachment-417874\" style=\"width: 1245px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvj5r9XsAAlw83.jpeg\"><img decoding=\"async\" class=\"wp-image-417874 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvj5r9XsAAlw83.jpeg\" alt=\"\" width=\"1245\" height=\"799\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvj5r9XsAAlw83.jpeg 1245w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvj5r9XsAAlw83-300x193.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvj5r9XsAAlw83-1024x657.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvj5r9XsAAlw83-768x493.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVvj5r9XsAAlw83-1200x770.jpeg 1200w\" sizes=\"(max-width: 1245px) 100vw, 1245px\" \/><\/a><figcaption id=\"caption-attachment-417874\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>On the weekly chart, DOGE has also broken out of a range and rejected a retest level aligned with a parallel channel that has been respected for the past four years.<\/p>\n<p>This suggests that DOGE market is at a crucial level, presenting a solid opportunity to add to your portfolio.<\/p>\n<figure id=\"attachment_417873\" aria-describedby=\"caption-attachment-417873\" style=\"width: 1804px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVR4VZFWQAAxVJg.jpeg\"><img decoding=\"async\" class=\"wp-image-417873 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVR4VZFWQAAxVJg.jpeg\" alt=\"\" width=\"1804\" height=\"961\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVR4VZFWQAAxVJg.jpeg 1804w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVR4VZFWQAAxVJg-300x160.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVR4VZFWQAAxVJg-1024x545.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVR4VZFWQAAxVJg-768x409.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVR4VZFWQAAxVJg-1536x818.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVR4VZFWQAAxVJg-1200x639.jpeg 1200w\" sizes=\"(max-width: 1804px) 100vw, 1804px\" \/><\/a><figcaption id=\"caption-attachment-417873\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<h2><strong>Dogecoin market cycles<\/strong><\/h2>\n<p>DOGE is currently in its third market cycle, and the ongoing consolidation along the trendline is similar to previous cycles.<\/p>\n<p>Historically, after such consolidations, DOGE has spiked parabolically, which is expected to occur again in Q4 of 2024. This indicates that DOGE could break and sustain a price above $0.12.<\/p>\n<figure id=\"attachment_417872\" aria-describedby=\"caption-attachment-417872\" style=\"width: 2560px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVrCFzeb0AA43EA-scaled.jpeg\"><img decoding=\"async\" class=\"wp-image-417872 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVrCFzeb0AA43EA-scaled.jpeg\" alt=\"\" width=\"2560\" height=\"1762\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVrCFzeb0AA43EA-scaled.jpeg 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVrCFzeb0AA43EA-300x206.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVrCFzeb0AA43EA-1024x705.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVrCFzeb0AA43EA-768x529.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVrCFzeb0AA43EA-1536x1057.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVrCFzeb0AA43EA-2048x1410.jpeg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GVrCFzeb0AA43EA-1200x826.jpeg 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-417872\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<h2><strong>On-chain data analysis<\/strong><\/h2>\n<p>On-chain data supports a bullish outlook for DOGE. Currently, 74% of holders are in profit, and large holders control 62% of the supply.<\/p>\n<p>Over the last seven days, transactions exceeding $100K amounted to $1.2 billion, and total exchange net flows were $23.52 million. Of the holders, 67% have held for over a year, 31% for 1-12 months, and only 2% for less than a month.<\/p>\n<figure id=\"attachment_417871\" aria-describedby=\"caption-attachment-417871\" style=\"width: 905px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-394-1.png\"><img decoding=\"async\" class=\"wp-image-417871 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-394-1.png\" alt=\"\" width=\"905\" height=\"232\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-394-1.png 905w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-394-1-300x77.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-394-1-768x197.png 768w\" sizes=\"(max-width: 905px) 100vw, 905px\" \/><\/a><figcaption id=\"caption-attachment-417871\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n<p>The on-chain signals point to a bullish market sentiment, with a summary rating of 4 (mostly bullish).<\/p>\n<hr \/>\n<p style=\"text-align: center;\">\u00a0Is your portfolio green? Check out the <a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Dogecoin Profit Calculator<\/a><\/p>\n<hr \/>\n<p>The in-the-money metric stands at 3.25% bullish, concentration is 0.13% bullish, large transactions are 0.60% bullish, and exchange signals are also bullish, with a rating of 1.<\/p>\n<figure id=\"attachment_417834\" aria-describedby=\"caption-attachment-417834\" style=\"width: 2560px\" class=\"wp-caption alignleft\"><img decoding=\"async\" class=\"wp-image-417834\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-395.png\" alt=\"\" width=\"2560\" height=\"805\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-395.png 687w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-395-300x94.png 300w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><figcaption id=\"caption-attachment-417834\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n<p>Overall, the indicators suggest that DOGE is likely to break and sustain above the $0.12 level as the crypto market continues to strengthen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin poised to rally on higher timeframes after breaking out of the 4-hour range.  <\/p>\n","protected":false},"author":98,"featured_media":417886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,6387,66,3,20],"tags":[6427,6428],"class_list":["post-417831","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-dogecoin-news","category-new-news","category-news","category-trading-view","tag-ambcrypto","tag-new-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dogecoin prepares for Q4 Boom: Will DOGE break above $0.12 level? 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