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Following
DOGE Highlights
The bullish flag shape of Dogecoin has not yet been confirmed, and buyers need to close above US$0.090 to verify the expected trend of a breakthrough towards US$0.115.
Thechart shows that DOGE is consolidating in the downtrend channel after climbing from approximately US$0.070 to a local high of US$0.096.
Support levels around US$0.081 protect the bullish structure, but once a break is confirmed, it may increase the probability of further decline in Dogecoin.
Analysts found a bullish flag, and Dogecoin is expected to rise by 30%
Cryptocurrency analyst Ali Martinez pointed out that there is a bullish flag on Dogecoin's hourly chart. If buyers can recover the resistance level of $0.090, this pattern could push DOGE to $0.115.
According to Ali Charts, DOGE needs the hourly line to close above $0.090 to confirm a breakthrough and strengthen its short-term bullish structure.
The chart shows that the trading price of Dogecoin is approximately US$0.0866, which is approximately 3.9% lower than the confirmation level required by analysts. However, this pattern allowed prices to move back to around $0.081 again, before buyers tried to regain control and challenge resistance.
The hourly chart shows DOGE rising from approximately US$0.070 to US$0.096, before entering a downward-sloping parallel channel. The initial rise formed the flagpole, while the subsequent controlled decline formed the flag of the technical form. However, as DOGE has not yet broken through the upper trend line or closed above $0.090, this pattern has not yet been confirmed.
Dogecoin needs to recover US$0.090 first before attacking the US$0.115 target.
A closing of the hourly line above US$0.090 will break the downtrend line and weaken the lower high sequence that defines the current consolidation. In addition, buyers can consolidate the breakout trend by retesting $0.090 and converting previous resistance into solid support.
Once a breakthrough is confirmed, DOGE may encounter resistance around US$0.096, a local high reached by previous gains. After successfully breaking through the zone, the price will hit US$0.105 before buyers will launch an assault on the full technical target of approximately US$0.115.
This target reflects the height of the flagpole of approximately US$0.025 before Dogecoin's current consolidation. Add that distance to the proposed $0.090 breakthrough point to a measurement target of approximately $0.115.
Thus, a rise from US$0.090 to US$0.115 represents an increase of about 27.8%, which is in line with Martinez's forecast of about 30% upside. At the same time,$0.081 remains the main support level protecting the technical form from a deeper correction.
A pullback to this level would imply a decline of about 6.5% but would still be compatible with the overall bullish scenario. However, a closing below $0.081 on the hourly line would undermine the flag structure and increase the possibility of further declines. Therefore, the next step for Dogecoin depends on whether the buyer can recover $0.090 or whether the seller forces the price confirmation to fall below $0.081.
