Dogecoin Price Breakout Sets Sights on $0.12 Target
Dogecoin's price surged by 7.55% after confirming a bullish flag breakout on lower timeframes, reaching $0.0911.
The breakout pattern was identified by Ali Charts, which projects a move toward $0.12 if Dogecoin holds the breakout and keeps trading above nearby support.
The advance places DOGE above the $0.09 area, but traders will assess whether buyers can preserve the breakout.
A bullish flag is a technical pattern that forms after an advance and brief consolidation, with DOGE moving above the flag's upper boundary to provide the technical basis for the $0.12 target.
The Dogecoin price would need to hold above $0.09 and clear the psychological $0.10 level to maintain momentum.