DOGE challenges 0.3 USD? on-chain data provided clues

DOGE has been quite interesting lately. Analyst Chandler found that DOGE has been making higher lows since April and is now entering the 32nd day of its rise cycle. Historical data shows that similar cycles typically last 29-35 days, each followed by a significant rise.

Key Highlights:

• Current price is $0.182, rebounding from $0.13
• The RSI indicator makes higher lows at high levels, which is called a bullish divergence - usually a precursor to a significant rise.
• The target of $0.30 may be achieved by early December.

In the previous several cycles, this signal from the RSI accurately indicated a breakout. If this momentum remains unchanged, the probability of reaching 0.3 within 20 days is quite high. The trading volume is also gradually increasing, which is quite rare after such a long period of consolidation.

However, there is an old saying - history will repeat itself, but never exactly the same. Short-term fluctuations are inevitable, the key is to hold the support level without breaking.