Dogecoin (DOGE) has captured market attention once again, surging over 17% in the past 24 hours to reach a high of $0.4656. On-chain analyst Ali Martinez sees this as the beginning of a potential rally to $0.82, contingent on critical support levels holding firm.
Bullish Breakout in Progress
According to Martinez, DOGE is attempting to break out of a bull flag pattern on its daily chart—a well-known bullish indicator. This pattern features a sharp price increase (the "flagpole") followed by a brief consolidation period (the "flag"). A breakout from this formation typically signals a resumption of upward momentum.
Martinez projects a 120% rally for DOGE if the asset holds the $0.37 support level. However, a dip to $0.32 could act as a fallback floor if market corrections occur. Bitcoin's (BTC) price trajectory will play a crucial role in DOGE’s movement, as broader market sentiment often influences altcoin performance.

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