Dogecoin Bull Flag Forms as Breakout Towards $0.115 Looms

Dogecoin (DOGE) is showing signs of a potential bullish continuation as its hourly chart forms a bull flag pattern, according to crypto analyst Ali Charts. The setup suggests buyers may be consolidating before another upward move, although a temporary decline remains possible.

If selling pressure emerges, the $0.081 support level could become the next important area to monitor. Breaking above the primary resistance at $0.090 would confirm a breakout, enabling the climb towards $0.115.

The U.S. Securities and Exchange Commission (SEC) has defined meme coins as collectible-like assets, which may reduce regulatory uncertainty around DOGE. However, this categorization means that investors do not get any protection under federal securities laws, indicating a speculative, community-driven nature of the project.