Dogecoin Analyst Sees 32.79% Upsurge to $0.115 If Bullish Flag Holds

Dogecoin ($DOGE) has been on an upward trend after rallying over 33% last week, according to analyst Ali Martinez.

Martinez believes that if Dogecoin price breaks above its bullish flag formation in the 1-hour timeframe, it could rally towards $0.115.

This would represent a 32.79% upside from the current price of $0.866.

The analyst previously noted that Dogecoin has established a strong support level around $0.081, backed by 30 billion $DOGE traded near this price range.

Dogecoin's predominantly positive Funding Rate since July 24 also suggests bullish sentiment.