Dogecoin traded in a tight range on the 4 hour chart after a sharp rebound, and one trader pointed to a bull flag pattern that targets 12 cents.
Dogecoin bull flag points to $0.12 target
Crypto trader Trader Tardigrade, who posts as @TATrader_Alan on X, said Dogecoin is “forming a Bull Flag” on the 4 hour time frame.
He set a $0.12 target and said it lines up with resistance tied to the low of a prior consolidation zone.
The chart shows a steep recovery leg that lifted DOGE off an early February low, then price began compressing inside a small, downward sloping channel.
That setup is commonly labeled a bull flag when the pullback stays controlled after a strong move.
Trader Tardigrade’s graphic marks $0.12 as the next key level, with a dashed line showing it as an overhead barrier.
He linked that area to earlier consolidation, suggesting the market could revisit that zone if price breaks out of the current flag structure.
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Dogecoin monthly chart shows oversold conditions
Dogecoin held near the 10 cent area on the monthly chart as momentum indicators slipped into oversold territory, according to a TradingView snapshot shared by CryptoSurf.
CryptoSurf, who posts as @_CryptoSurf on X, said Dogecoin is “simply oversold” on the monthly time frame. The chart plots DOGE against the U.S. dollar with a 200 week weighted moving average and the relative strength index.
Price shows a long advance into the 2021 peak, followed by a broad pullback and a flatter phase in recent years.
Since then, candles have clustered near the long term average, while recent monthly bars leaned lower. As a result, price sits close to a zone that has acted as a pivot during prior cycles.
At the same time, the RSI at the bottom of the chart dropped toward the lower end of its range. Earlier RSI troughs lined up with major drawdowns during past market phases.
While the indicator does not set direction on its own, the reading signals stretched downside momentum on the monthly view as DOGE trades near longer term reference levels.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: February 9, 2026 • 🕓 Last updated: February 9, 2026
