Dogecoin (DOGE) is making waves in the crypto world, bouncing back with some serious energy after hitting a recent low of $0.1135. In just 24 hours, it surged over 10%, reaching a high of $0.1248.
This resurgence is a refreshing change after a lengthy five-month period of stagnation, where the coin seemed to be stuck in a rut.
As we look ahead to Q4 2024, excitement is brewing in the crypto community, with many speculating that a breakout could be on the horizon.
Since September 25th, DOGE has been on a steady upward trajectory, leading analysts to ponder the possibility of a bull run that could push the price past the crucial resistance level of $0.20, potentially hitting yearly highs.
From a technical standpoint, the outlook for Dogecoin is looking bullish. Recent price patterns suggest that DOGE is gearing up for a significant move. Historically, the DOGE/USDT trading pairs have formed triangle patterns that often precede price increases. Although the asset’s behavior shifted after reaching $0.23 in April.
