Dogecoin Poised for a Potential 45% Surge

Dogecoin (DOGE) is showing signs of a potential rally with an upside of 45%. Analyst Ali Martinez identified a bullish flag pattern in DOGE's trading chart on Wednesday.

Bull Flag Pattern

The bull flag pattern on the chart suggests that DOGE has established support at around $0.35. If this level holds, DOGE could rise to as high as $0.56.

Support and Resistance

The $0.35 support level has been a key barrier for DOGE during recent price drops. If DOGE can maintain above this level, it could trigger an upward movement to $0.56.

Current Market Position

At press time, DOGE is trading at $0.3777, down 2.75% over the past day.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice.