Dogecoin breaks Q3 curse: Is $0.30 just a matter of time for DOGE?
2025-07-21 00:12:02
Main Idea
Dogecoin (DOGE) has shown significant gains in Q3, with a 52.4% increase, but market indicators suggest potential risks of a blow-off top and liquidity concerns.
Key Points
1. Dogecoin's market cap surged by 52.4% in Q3, marking its strongest quarter of the year.
2. Liquidity is clustered around $0.24, with on-chain data indicating a risk of a blow-off top.
3. Open interest (OI) doubled to $4 billion, with over 70% of Binance traders taking long positions.
4. A trader locked in $2.14 million in profit and entered a 10x long position on 84.08 million DOGE, with a liquidation trigger at $0.19.
5. Analysts suggest the current rally may be losing steam, raising questions about DOGE's ability to reach $0.30.
Description
Doge hits Q3 highs, but can it hold the $0.25 floor?
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