Dogecoin (CRYPTO: DOGE) is forming a bullish flag on the hourly chart Friday, with analyst Ali Martinez flagging a potential 30% breakout toward $0.115.
Ali Martinez posted on X that Dogecoin appears to be forming a bullish flag pattern, with $0.081 as the key support to hold on any pullback and $0.090 as the resistance level to watch.
An hourly close above $0.090 would trigger the breakout target toward $0.115, representing roughly 30% upside from current levels.
DOGE currently sits at $0.087, compressing into the apex of a symmetrical triangle that has been forming since the August 21 high near $0.098.
The 20-day and 50-day EMAs are stacked just above as immediate resistance, with a triangle apex resolution looking imminent in either direction.
