Dogecoin Flag Setup Hinges on $0.090 Hourly Close: Analyst
Dogecoin has formed a bullish flag setup on its hourly chart, according to analyst Ali Martinez. The pattern requires an hourly close above $0.090 for confirmation, and if buyers can clear this level, a move toward $0.115 could be in the cards.
The flag formation shows DOGE climbing from around $0.070 to a local peak near $0.096 before entering a downward-sloping consolidation channel. The structure remains unconfirmed until Dogecoin breaks above the upper trendline or closes above the $0.090 barrier.
A key level of support sits at $0.081, which has previously absorbed selling pressure and could be another test for the bullish case. If the token fails to reclaim this level on an hourly closing basis, it could damage the flag structure and increase the probability of deeper losses.