Dogecoin remains one of the most popular altcoins in the crypto market, and despite its downward trend in 2024, analysts continue to predict a bullish reversal. According to prominent crypto analyst DaanCrypto, Dogecoin is showing signs of breaking out of its long-term downtrend, sparking optimism for a potential price surge.
<h2>Key Levels to Watch</h2>
Throughout 2024, <a href="https://www.cryptoknowmics.com/news/dogecoin-trading-volume-soars-87-but-price-drops-amid-market-correction/">Dogecoin’s price</a> has struggled, falling below critical trend lines and even dropping under $0.10 in September. However, DaanCrypto pointed out that the meme coin is beginning to break out of its downward trajectory. To confirm a sustainable uptrend, Dogecoin will need to hold support at $0.105 while breaking through resistance at $0.12.

“If both levels are achieved,” the analyst notes, “this could ‘get the party started,’ leading to a significant upward movement.” On the flip side, if Dogecoin fails to maintain these levels, the price could dip back to $0.09.
<h2>Potential Bullish Quarter Ahead</h2>
[embed]https://twitter.com/DaanCrypto/status/1835317898954367467[/embed]

While the second and third quarters of 2024 have been bearish for Dogecoin, the meme coin could be heading into one of its most bullish periods. October is historically a strong month for cryptocurrencies, and if the current momentum holds, Dogecoin might experience a notable rally in the final quarter of the year.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Dogecoin Prepares for Potential Bullish Breakout

Dogecoin is showing signs of breaking its downtrend, with analysts predicting a potential price surge. Key levels to watch include $0.105 support and $0.12 resistance.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Dogecoin Prepares for Potential Bullish Breakout

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