Dogecoin is showing multiple bullish technical signals after recovering from a correction that took it from about $0.1007 on August 22 to near $0.0828. According to analyst Ali Martinez, widely known as Ali Charts, DOGE has confirmed a lower-timeframe bullish flag breakout with an initial target of $0.12, while the key support to watch remains $0.0813.
That support has been reinforced by large holders, who accumulated more than 400 million DOGE over five days. Ali Charts noted that nearly 35 billion DOGE previously traded around this level, making it a significant on-chain floor. The daily Tom DeMark Sequential has flashed a buy signal, and a morning doji star pattern on the daily chart suggests selling pressure is fading.
Short-term momentum also improved after a stronger-than-expected US jobs report, with nonfarm payrolls rising by 162,000 in August versus a consensus of 53,000. This lifted bets on a potential Federal Reserve rate hike and helped DOGE rebound 4.30% in 24 hours to $0.0877. On the hourly chart, the 50 moving average crossed above the 200 moving average, forming a golden cross. An immediate barrier sits at $0.088, coinciding with the daily 20 moving average; a breakout above it could open a path toward $0.10.
Analysts are tracking higher targets if $0.0813 continues to hold. Ali Charts pointed to $0.1552 and $0.1774 as the next upside levels. Trader Tardigrade noted that the two-week MACD printed a rare bullish cross, signaling an end to the previous bearish phase. Javon Marks separately highlighted higher lows and suggested DOGE could eventually target the $0.60 area, implying a move of more than 555% from recent levels.
