- Dogecoin’s bullish flag breakout targets $0.12, while $0.0813 remains the key support level after its recent correction.
- Large holders accumulated over 400 million DOGE in five days, strengthening support around the $0.0813 on-chain floor.
- Daily and two-week indicators show bullish signals, with analysts watching potential targets at $0.1552, $0.1774 and beyond.
Dogecoin has confirmed a lower-timeframe bullish flag breakout, according to Ali Charts, with the pattern targeting $0.12. The move follows a 17% decline from $0.1007 on August 22 to about $0.0828, while analysts Javon Marks and Trader Tardigrade cited additional bullish signals across longer timeframes.
Ali Charts Identifies Key Dogecoin Support
Ali Charts said the daily Tom DeMark Sequential has flashed a buy signal after Dogecoin’s recent decline. He said the setup could indicate that the correction has reached its later stages.
Dogecoin also formed a morning doji star on the daily timeframe, according to Ali Charts. This pattern usually appears near the end of declines and reflects weaker selling pressure. Meanwhile, large holders accumulated more than 400 million DOGE over five days.
According to Ali Charts, that buying activity strengthened the $0.0813 on-chain support floor. Nearly 35 billion DOGE previously traded around that level. Ali Charts identified $0.0813 as the key level to watch for the setup.
Analysts Track Higher Dogecoin Price Targets
Ali Charts listed $0.1552 and $0.1774 as the next upside targets if $0.0813 continues to hold. The lower-timeframe bullish flag separately projects a move toward $0.12. Javon Marks pointed to Dogecoin’s higher lows across broader market structures.
He said DOGE had returned with major strength and could target a move above the $0.60 area. Marks placed the potential move at more than 555% above the roughly $0.60 price zone. His assessment focused on Dogecoin’s broader structure and recent higher lows.
Trader Tardigrade also identified a longer-term technical change in Dogecoin’s two-week timeframe. The analyst said the MACD had printed a bullish cross after an extended period of weakness.
Dogecoin Technical Signals Span Multiple Timeframes
Trader Tardigrade said the two-week MACD rarely produces crosses and described this one as the first major reversal signal. The analyst said the bearish phase had ended and a new bull-run structure was forming.
However, Ali Charts identified $0.0813 as the immediate level for Dogecoin. The analyst linked that support to previous trading activity involving nearly 35 billion DOGE.
The separate technical readings cover daily, lower-timeframe, and two-week DOGE structures. They include the bullish flag breakout, daily reversal patterns, whale accumulation, and the two-week MACD cross.
