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DOGE Dogecoin price breaks through the bullish flag, targeting US$0.12
After confirming a bullish flag break in the low time frame, Dogecoin price rose 7.55% to US$0.0911. Analyst Ali Charts pointed out that if DOGE can hold on to the breakthrough level and remain trading above nearby support levels, its price is expected to move towards $0.12. At the same time, another analyst, CryptoJack, said that since its signal, DOGE has risen 17%, further confirming the market's positive response to the breakthrough trend.
Technical Analysis: US$0.12 target becomes focus
Ali Charts identified a bullish flag pattern in Dogecoin's low time frame chart. The structure was formed after a wave of gains and a brief consolidation. Subsequently, DOGE's price broke through the upper boundary of the flag shape, providing a technical basis for moving towards the target of US$0.12.
The current price is US$0.0911, and the target price of US$0.12 is approximately 31.7% higher than the current market price. The price of dogcoin first needs to stabilize above US$0.09 and successfully overcome the psychological barrier of US$0.10. If prices fall back below the breakthrough zone, it could weaken the strength of the current bullish pattern.
CryptoJack described DOGE as currently "strong momentum" and said the token has risen 17% since it gave the trade signal. It should be noted that this percentage refers to the earnings performance of a specific entry point, not a one-day increase. Combined with Ali's analysis, the 24-hour increase reported that day was 7.55%.
Key support levels determine the next stage of rebound.
Market structure shows that the main support level is around US$0.0813, after about 35 billion DOGE units changed hands in this range. If prices lose US$0.09 support, the region could become critical. If bulls can defend here, it will help maintain a broader recovery; a break below could expose lower price levels.
The report citing Ali On-Chain Analytics also pointed out that large coin holders purchased more than 400 million DOGE units in five days. This accumulation can reduce selling pressure in the market, but there is no guarantee that prices will continue to rise. At present, the trend of dogcoin prices depends on whether it can hold the breakthrough level and attract subsequent follow-up volume.
Short-term traders may be concerned about whether daily volume remains high after a 7.55% rise. Breakthroughs backed by stronger trading volume often show broader market participation. If trading volume weakens near $0.10, it could indicate that demand is fading before DOGE reaches $0.12. Traders typically seek continued stability above resistance rather than a brief intraday surge.
Current direct resistance is around US$0.10, followed by Ali's US$0.12 target. A rise from $0.0911 to $0.12 would bring in nearly 31.7%. Before the form achieves this goal, DOGE needs to conduct continued stable trading above the breakthrough area.
Disclaimer :This article is for information purposes only and does not constitute any financial advice. CoinCryptoNewz is not responsible for any resulting losses. Readers should study for themselves before making financial decisions.
