Dogecoin is trying to recover after spending time under pressure. Ali Martinez believes the DOGE price has already made an important move, pointing to a confirmed breakout from a bullish flag on the lower timeframes.
The Dogecoin chart Ali shared on X projects a move toward $0.12, but DOGE still has several levels to clear before that target comes into play.
What you'll learn 👉
Analyst sees a bullish setup for Dogecoin
We had a look at the DOGE chart, and the market is still recovering from a clear decline. Dogecoin fell from around $0.1175 to $0.0893, putting the price close to the lower end of the visible range. Buyers are now trying to hold the $0.0893 area and turn it into a base for a recovery.
Ali Charts recently pointed to a bullish flag breakout on DOGE. The pattern formed after a period of consolidation and, based on his analysis, projects a move toward $0.12. The chart shows the DOGE price around $0.0893, with $0.0929 as the first resistance to watch. A break above that level could open the way toward $0.1007, followed by $0.1114 and $0.1175.
That $0.1175 area is important because it marks the upper resistance on the chart. If buyers clear it, Ali’s $0.12 target would be within reach. There is also a clear level that bulls need to defend. The first support is around $0.0873, followed by $0.0835 and $0.0799. Losing those levels would weaken the recovery setup.
DOGE ETF demand remains weak
The technical picture looks more promising than the ETF data. BSC News reported that spot Dogecoin ETFs recorded around $763,000 in net outflows on September 2. Those withdrawals wiped out much of the inflows from earlier sessions and gave DOGE ETF demand a weak start to the month.
Spot $DOGE ETFs wipe out recent inflows…
— BSCN (@BSCNews) September 3, 2026
Spot @Dogecoin ETFs saw net outflows of as much as -$763,000 on September 2.
The outflows nearly eliminated the ETFs' recent traction and marks a disappointing start to the month.
Demand for spot Dogecoin ETFs has so far been limited,… pic.twitter.com/vqBSAulS0U
The products also hold only around 0.09% of DOGE’s current supply. That is a small share, showing that institutional exposure through spot ETFs remains limited. For the DOGE price, this means the current setup is being driven more by market trading and technical factors than by strong ETF buying.
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Can the DOGE price reach $0.12?
The path to $0.12 is there, but DOGE needs to clear several resistance levels first. A move above $0.0929 would give bulls their first confirmation. From there, the DOGE price would need to break $0.1007, $0.1114, and $0.1175 before reaching the $0.12 area indicated by Ali.
Weak ETF flows remain a concern. With $763,000 in outflows and ETF products holding just 0.09% of DOGE supply, institutional demand is not providing much support at the moment. For now, the most important levels are $0.0929 on the upside and $0.0873 on the downside.
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