Dogecoin prepares for Q4 Boom: Will DOGE break above $0.12 level?

The price action of Dogecoin has formed a double bottom, a strong signal that DOGE could break back above the $0.12 level and maintain it

This week, the memecoin crypto community saw a strong performance, with the top seven memecoins recording impressive gains.led the way, achieving a trading volume higher than that of Shiba Inu and Dogecoin combined.topped the charts with 41% and 39% gains, respectively, while Dogecoin lagged with an 11% increase. This raises the question: Can DOGE break and sustain its price above $0.

The price has formed a double bottom, a strong signal that DOGE could break back above the $0.12 level and maintain it. While DOGE might not outperform smaller meme coins, it is generally a safer bet with less volatility.On the weekly chart, DOGE has also broken out of a range and rejected a retest level aligned with a parallel channel that has been respected for the past four years.

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