{"id":425188,"date":"2024-09-20T00:00:33","date_gmt":"2024-09-19T18:30:33","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=425188"},"modified":"2024-09-19T16:52:59","modified_gmt":"2024-09-19T11:22:59","slug":"can-dogecoin-break-free-after-holding-0-10-for-the-third-time","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/can-dogecoin-break-free-after-holding-0-10-for-the-third-time\/","title":{"rendered":"Can Dogecoin break free after holding $0.10 for the third time?"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Dogecoin has surged past the critical $0.10 support, buoyed by renewed market confidence.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">However, sustaining a bullish rally requires a strategy.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\">Dogecoin [DOGE]<\/a> has surged 2% in the last 24 hours, buoyed by <a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\">Bitcoin&#8217;s<\/a> rise above $61K.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently trading at $0.10377, DOGE has held the $0.10 support for the third time since late August. Previous attempts faced strong resistance \u2013 can Dogecoin break free and reverse the trend this time?<\/span><\/p>\n<h2><b>Understanding the significance of $0.10 is crucial<\/b><\/h2>\n<figure id=\"attachment_425190\" aria-describedby=\"caption-attachment-425190\" style=\"width: 1744px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/1-7.png\"><img decoding=\"async\" class=\"wp-image-425190 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/1-7.png\" alt=\"Dogecoin price chart\" width=\"1744\" height=\"800\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/1-7.png 1744w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/1-7-300x138.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/1-7-1024x470.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/1-7-768x352.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/1-7-1536x705.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/1-7-1200x550.png 1200w\" sizes=\"(max-width: 1744px) 100vw, 1744px\" \/><\/a><figcaption id=\"caption-attachment-425190\" class=\"wp-caption-text\">Source : TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">On the daily chart, Dogecoin has been consolidating for a month. After testing $0.14 during the late July rally, DOGE has trended bearish.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a price correction, DOGE must break resistance at $0.11, which is feasible only if it holds support at $0.10.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, market optimism has surged following the <a href=\"https:\/\/x.com\/federalreserve\/status\/1836505331653869715\" target=\"_blank\" rel=\"noopener\">Fed&#8217;s<\/a> rate cut announcement, driving major coins upward.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to AMBCrypto, sustaining this momentum is crucial; otherwise, if it proves to be a temporary blip, a significant retracement could push DOGE back to $0.08.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The significance of this support level is underscored by the chart below. If bulls retreat, about 1 million holders with 12 billion tokens could face losses, increasing the risk of retracement if they aim to break even.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, a stronger push could move around 391,000 holders into profit, with FOMO potentially keeping them invested for the long term.<\/span><\/p>\n<figure id=\"attachment_425191\" aria-describedby=\"caption-attachment-425191\" style=\"width: 1674px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-140126.png\"><img decoding=\"async\" class=\"wp-image-425191 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-140126.png\" alt=\"Profit\/loss\" width=\"1674\" height=\"426\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-140126.png 1674w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-140126-300x76.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-140126-1024x261.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-140126-768x195.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-140126-1536x391.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-140126-1200x305.png 1200w\" sizes=\"(max-width: 1674px) 100vw, 1674px\" \/><\/a><figcaption id=\"caption-attachment-425191\" class=\"wp-caption-text\">Source : IntoTheBlock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Clearly, Dogecoin is at a crucial juncture. For the memecoin to approach its previous $0.14 high, other conditions must align.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If confidence remains high among stakeholders, a potential reversal toward that level might be imminent. So, who do the odds favor?<\/span><\/p>\n<h2><b>Dogecoin bulls need to strategize for a breakout<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">For a <a href=\"https:\/\/ambcrypto.com\/category\/memecoins\/\" target=\"_blank\" rel=\"noopener\">memecoin<\/a>, long-term growth is often stifled by day-traders cashing out after each market peak.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, the last time Dogecoin closed at $0.11, a surge of tokens was deposited into exchanges, causing a 2% drop the following day.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This pattern repeats whenever DOGE approaches a market top, with high inflows acting as resistance.<\/span><\/p>\n<figure id=\"attachment_425192\" aria-describedby=\"caption-attachment-425192\" style=\"width: 1649px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-142920.png\"><img decoding=\"async\" class=\"wp-image-425192 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-142920.png\" alt=\"Net flow\" width=\"1649\" height=\"393\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-142920.png 1649w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-142920-300x71.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-142920-1024x244.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-142920-768x183.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-142920-1536x366.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-142920-1200x286.png 1200w\" sizes=\"(max-width: 1649px) 100vw, 1649px\" \/><\/a><figcaption id=\"caption-attachment-425192\" class=\"wp-caption-text\">Source : IntoTheBlock<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Read\u00a0<a href=\"https:\/\/ambcrypto.com\/predictions\/dogecoin-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Dogecoin\u2019s [DOGE] Price Prediction<\/a>\u00a02024\u20132025<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Therefore, for DOGE to push past resistance, bulls must absorb the selling pressure while maintaining long-term confidence by holding onto their coins.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In short, while current market optimism has kept DOGE above the $0.10 support, AMBCrypto notes that a sustained climb to the $0.14 high will require a significant push from the bulls to trigger a breakout.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin has reclaimed $0.10 support, but sustaining the momentum demands a strategic approach.<\/p>\n","protected":false},"author":113,"featured_media":425196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[6387,5824,66,3,4,20],"tags":[6425],"class_list":["post-425188","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dogecoin-news","category-memecoins","category-new-news","category-news","category-social","category-trading-view","tag-featured"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Can Dogecoin break free after holding $0.10 for the third time? 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