Dogecoin (DOGE) is showing signs of potential bullish continuation as a bull flag pattern takes shape on its chart, with a breakout potentially strengthening buying momentum. Meanwhile, recent guidance from the U.S. Securities and Exchange Commission (SEC) describes meme coins as collectible-like assets, a classification that could reduce regulatory uncertainty while highlighting DOGE's speculative, community-driven nature.

At the time of writing, DOGE is trading at $0.08486 with a 24-hour trading volume of $874.82 million and a market capitalization of $14.54 billion, according to CoinMarketCap. Despite a 4.04% loss over the last 24 hours, the DOGE price structure and network growth point toward a bullish reversal ahead. Launched in 2013 as a joke based on the Shiba Inu "Doge" meme, Dogecoin has since grown into the largest meme coin by market capitalization and remains one of the most widely traded crypto assets.

DOGE Price Eyes $0.115 as Bull Flag Forms

According to crypto analyst Ali Charts, Dogecoin's hourly chart appears to be forming a bull flag pattern, suggesting potential bullish continuation (Ali Charts' X post). A bull flag is a chart formation in which a strong upward move (the "pole") is followed by a period of narrow, downward-sloping consolidation (the "flag"), often interpreted by technical analysts as a pause before the prior trend resumes.

The setup indicates that buyers may be consolidating before another upward move, although a temporary decline remains possible. If selling pressure emerges, the $0.081 support level could become the next important area to monitor.

Primary resistance sits at $0.090, making it an essential level to watch for Dogecoin. Breaking above it would confirm a breakout and enable a climb toward $0.115 — roughly a 30% gain from the breakout area, which could increase bullish appetite.

SEC Calls Dogecoin a Collectible-Like Asset

Data highlighted by dogegod showed that Dogecoin has attracted renewed interest since SEC guidelines defined meme coins as assets whose value may be largely driven by speculation, demand, and sentiment (dogegod on X). The guidance came in a February 2025 staff statement from the SEC's Division of Corporation Finance, which addressed how federal securities laws may apply to meme coins.

The SEC's definition places meme coins in the category of collectibles, separating them from other cryptocurrency assets whose value may depend on the managerial activities of their issuers.

Dogecoin is now recognized by the SEC as a collectible. You know what's coming. pic.twitter.com/RsMegqPJDF — dogegod (@dogegod) August 28, 2026

This clarification may help resolve some of the uncertainty surrounding the regulation of Dogecoin in the United States. However, categorizing it as collectible-like means investors do not receive protection under federal securities laws. It also indicates that DOGE has qualities associated with speculation and a community-based project.

What Happens Next for Dogecoin?

Dogecoin's trajectory depends heavily on whether DOGE can break above the $0.090 resistance. A successful breakout could carry the coin toward the $0.115 target area; failure to do so could see DOGE move lower toward the $0.081 support level. Beyond price action, the evolving U.S. regulatory posture toward meme coins more broadly is a factor market participants are watching, as further agency guidance could shape how such assets are treated in the future.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.