Crypto analyst Trader Tardigrade suggests Dogecoin's price breakout is programmed and follows a repeating 29-day cycle that leads to a sharp rally.
Trader Tardigrade points out that Dogecoin's price action shows a regular rhythm with RSI downtrend breakouts occurring every 29 days, leading to an upward move in price.
The technical basis of the prediction is the RSI behavior, indicating a potential uptrend that could push Dogecoin above $0.23 and towards the $0.24 level.
Currently, Dogecoin is trading at $0.1971, up 9% and 8.9% in the past 24 hours and seven days, respectively, driven by Bitcoin's breakthrough above $100,000.