- DOGE recovered toward $0.09 after falling near $0.079, with $0.090 as near-term resistance and $0.087-$0.084 as support.
- Ali Charts targets $0.15 and $0.18 after a daily TD Sequential buy signal, morning doji star and whale accumulation.
- Javon Marks sees a longer-term move above $0.60, while September spot flows show both large DOGE inflows and exchange outflows.
Dogecoin is back near $0.09 after falling to about $0.079, while analysts Ali Charts and Javon Marks cited bullish setups. Their comments came as September 6 spot-flow data showed large exchange outflows alongside sharp inflow spikes. Ali Charts identified $0.15 and $0.18 targets, while Marks cited a potential move above the $0.60 area.
Ali Charts Points to $0.15 and $0.18
According to Ali Charts, Dogecoin’s daily chart has produced a Tom DeMark Sequential buy signal. He said the setup could support a return to the uptrend. He also pointed to a morning doge star pattern on the daily chart.
According to the analyst, the pattern often appears near the end of a downtrend. Meanwhile, Ali Charts said large holders accumulated more than 400 million DOGE over five days. He linked that activity with buying pressure around current price levels.
That activity also relates to an on-chain support floor near $0.08. Ali Charts said nearly 35 billion DOGE had previously traded around that level.
Javon Marks Cites a Larger Price Target
Javon Marks highlighted Dogecoin’s recent price structure and higher lows. He said the cryptocurrency had returned with major strength. According to Marks, the broader structure points toward a recovery and continuation move.
He placed a longer-term target above the $0.60 price area. Marks cited a move of more than 555% above roughly $0.60. However, his target differs from Ali Charts’ nearer levels of $0.15 and $0.18. DOGE traded around $0.090-$0.094 on Aug. 24-25 before falling through late August.
Spot Flows Show Large Inflows and Outflows
DOGE reached roughly $0.080-$0.082 on Sept. 2, then fell toward $0.079-$0.080 on Sept. 4. It later recovered toward $0.090-$0.092 by Sept. 5-6. Notably, several large outflows appeared during the decline.
One reached about $7.5 million on Sept. 4, while others reached roughly $3 million to $4 million. However, inflows also rose sharply. Positive flows reached about $4.8 million on Sept. 3 and $5.5 million on Sept. 5.
Near term, $0.090 remains the level to watch, with $0.093-$0.096 above it. However, a move below $0.087-$0.084 would expose DOGE to renewed downside.
