Dogecoin (DOGE) Price: Analysts Spot Bullish Chart Pattern as DOGE Closes In on Ten Cents

TLDR

• DOGE rose 8.56% over seven days, trading around $0.08974
• Price bounced off confirmed support at the $0.081 Fibonacci level
• DOGE crossed back above its 200-day moving average after a failed attempt on September 3
• Technical analyst Ali Charts spotted a bullish flag breakout, projecting a possible move to $0.12
• Memecoin dominance is at an all-time low, but some tokens are starting to show life

Dogecoin has posted a solid weekly gain of around 8.56%, pushing its price to roughly $0.08974 according to CoinMarketCap data. The token climbed from a low of around $0.08 on September 2 before recovering steadily through the week.

The first attempt to push above the 200-day moving average on September 3 failed, with DOGE reaching $0.089 before pulling back. The bigger move came on Saturday, when the token climbed from about $0.084 to nearly $0.095.

After reaching that high, DOGE pulled back to around $0.0887 early Sunday. The token was later holding near $0.088 as it tried to stay above the 200-day moving average.

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