Dogecoin breaks Q3 curse: Is $0.30 just a matter of time for DOGE?

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.