Dogecoin (DOGE) has moved into a narrow consolidation range after its latest vertical upswing, forming a bullish flag pattern on the hourly chart. According to prominent crypto analyst Ali Martinez, the structure could support a price increase of roughly one-third if the upper boundary is broken.
DOGE is currently trading in a range between $0.087 and $0.088. Martinez outlines two scenarios. In the bullish case, an hourly candle close above the $0.090 resistance level would officially activate the flag pattern. This would open the path toward a near-term target of $0.115, representing an upside of approximately 30%. Above $0.090, historical sell-order density is described as almost nonexistent up to the $0.177 area, potentially allowing a rapid price move.
In the bearish scenario, a breakdown below $0.081 would completely invalidate the bullish flag setup. Sellers could then regain control and push the price toward the longer-term bottom of a broader descending wedge in the $0.056–$0.060 range.
Supporting the local bias is on-chain activity: roughly 30 billion DOGE have previously changed hands around the $0.081 level. This large accumulation zone may act as a strong support area during market pullbacks.
Still, the broader technical picture remains mixed. The hourly flag is developing inside a larger descending wedge on the daily chart, and Dogecoin recently failed to overcome the psychological $0.10 barrier after meeting resistance from the 200-day EMA near $0.095. The final days of August are therefore seen as important for determining whether volume can trigger a breakout or whether DOGE enters a longer consolidation phase.
