DOGE aims for $0.30! Repeating the myth of a 100x surge!

The price of DOGE is $0.2380, up 10.09% in the last 24 hours. DOGE is experiencing a strong rise, with technical, on-chain, and derivatives data indicating that it is likely to achieve a breakthrough.
RSI Signal: DOGE is approaching a key breakout point
The Relative Strength Index (RSI) is forming a rounded bottom pattern and is currently rising from the middle level. Historically, when the RSI enters the 80-90 range, the price of DOGE often experiences significant increases, and it is currently approaching this critical area. Predictions indicate that during the next expansion phase, the price may rise to $0.75-1.00, aligning with the historical pattern of RSI momentum driving price increases.
The monthly charts further show that after a long period of consolidation, a breakout rebound often occurs, accompanied by an increase in trading activity.
The futures boom highlights directionality, while options speculation weakens.
Futures market data shows that the trading volume increased by 67.45% on the last trading day, reaching 8.82 billion USD, while open interest rose by 10.10% to 3.55 billion USD, reflecting new capital inflow. In contrast, the options market saw a trading volume decrease of 72.80% to 23.003 million USD, with open interest dropping by 96.84% to 142,620 USD, indicating a decline in speculative interest. The increase in futures trading volume contrasts with the decrease in options trading volume, demonstrating a strengthening direction in the futures market, while speculative activity in the options market is constrained.
On-chain data is stable, and accumulation trends are emerging.
The hash rate of DOGE coin continues to grow steadily, indicating miners' ongoing investment in the network, even during price fluctuations. The Cumulative Value Days Destroyed (CVDD) model shows that the current price is at the boundary range of the historical cycle, with the lower boundary providing downward support and the upper boundary corresponding to an overheating period. The current price suggests that it is in the mid-cycle.
The Alpha pricing model shows that the price of DOGE is below the model line. Historically, bullish periods often break through this line, suggesting potential upside. The network pressure index indicates that recent trading activity is relatively healthy, with a stable number of active addresses and low market sentiment, consistent with an accumulation trend. #加密市场反弹#