DOGE Breakout Confirmed: Will Dogecoin Reach $0.12?

Dogecoin is making a comeback after a recent decline. Analyst Ali Martinez points to a confirmed breakout from a bullish flag on lower timeframes, which projects a move toward $0.12 for DOGE.

The DOGE price needs to clear several resistance levels before reaching the target: $0.0929, $0.1007, $0.1114, and $0.1175. Currently, the token is trading around $0.089-$0.090.

A key level to watch on the upside is $0.0929, while the first support on the downside is around $0.0873. If buyers clear the upper resistance at $0.1175, Ali's target of $0.12 could be within reach.

The technical picture looks more promising than the ETF data. Spot Dogecoin ETFs recorded net outflows of $763,000 on September 2, wiping out much of the inflows from earlier sessions and giving DOGE ETF demand a weak start to the month.