DOGE Forms Bullish Flag Pattern as Analyst Predicts Breakout to $0.115

Dogecoin has been forming a bullish flag pattern according to analyst Ali Martinez. The token faces resistance at $0.090 and needs an hourly close above this level to confirm the chart setup.

According to Martinez, if DOGE confirms the breakout, it could reach targets at $0.096 and $0.105 before potentially moving towards $0.115. This would represent approximately 30% upside from a reference price near $0.0866.

The token's market capitalization stands at $13.26 billion after experiencing a decline of 2% in the past 24 hours, with long liquidations reaching $3.32 million.