Dogecoin (DOGE) has recovered toward the $0.09 level after dipping to roughly $0.079, with $0.090 now acting as near-term resistance and the $0.087-$0.084 zone as support. The moves come amid renewed attention on the largest meme coin by market value, which began in 2013 as a joke based on the Shiba Inu "doge" meme and has since become one of the most widely traded cryptocurrencies, with a price history marked by large swings driven largely by social sentiment rather than cash flows or earnings, since it has no company, revenue, or conventional valuation model behind it.

Analysts Ali Charts and Javon Marks have cited bullish setups on the cryptocurrency's charts. Ali Charts pointed to $0.15 and $0.18 as targets following a daily TD Sequential buy signal, a morning doji star pattern, and whale accumulation. Javon Marks, meanwhile, sees a longer-term move above $0.60. Their comments came as September 6 spot-flow data showed large exchange outflows alongside sharp inflow spikes.

Ali Charts Points to $0.15 and $0.18

According to Ali Charts, Dogecoin's daily chart has produced a Tom DeMark Sequential buy signal, a setup he said could support a return to the uptrend. The TD Sequential is a widely used technical indicator that counts successive candlesticks to flag when a trend may be exhausted; a buy signal typically appears after a series of declining candles, and traders often read it as a potential turning point rather than a guarantee of reversal. He also identified a morning doji star pattern on the daily chart, noting that this formation often appears near the end of a downtrend. In classical candlestick analysis, a morning doji star is a three-candle pattern in which a small-bodied middle candle signals weakening selling pressure.

Ali Charts further reported that large holders accumulated more than 400 million DOGE over five days, linking that activity to buying pressure around current price levels. That accumulation also relates to an on-chain support floor near $0.08, a level where nearly 35 billion DOGE previously traded, according to the analyst. On-chain support zones of this kind are derived from addresses that previously bought at those prices; the idea is that holders sitting at breakeven may be less inclined to sell, though such levels frequently break under sufficient selling pressure. His analysis was shared on X: https://x.com/alicharts/status/2096335568816767184?s=20

Javon Marks Cites a Larger Price Target

Javon Marks highlighted Dogecoin's recent price structure and series of higher lows, saying the cryptocurrency had returned with major strength. According to Marks, the broader structure points toward a recovery and continuation move, and he placed a longer-term target above the $0.60 price area, citing a move of more than 555% above roughly $0.60. His target sits well above Ali Charts' nearer objectives of $0.15 and $0.18. The $0.60 area corresponds to levels DOGE last reached during its 2021 rally, when retail enthusiasm and high-profile social media attention drove the coin to record highs before it fell back.

For context, DOGE traded around $0.090-$0.094 on August 24-25 before falling through late August.

Spot Flows Show Large Inflows and Outflows

DOGE reached roughly $0.080-$0.082 on September 2, then declined toward $0.079-$0.080 by September 4, before recovering to approximately $0.090-$0.092 by September 5-6.

Several large exchange outflows appeared during the decline. One reached about $7.5 million on September 4, while others came in at roughly $3 million to $4 million. Inflows also rose sharply, with positive flows of about $4.8 million on September 3 and $5.5 million on September 5. Traders commonly read net exchange outflows as a sign that coins are moving to private wallets and potential long-term holding, while inflows can indicate coins being positioned for sale, but flow data is noisy and the direction of individual transfers is not always knowable.

Near term, $0.090 remains the level to watch, with the $0.093-$0.096 zone above it. A move below $0.087-$0.084, however, would expose DOGE to renewed downside.