$DOGE Spotting a DOGE Bullish Flag
A bullish flag pattern for Dogecoin (DOGE) signals a potential continuation of an established uptrend, representing a brief consolidation before the next leg higher.
This pattern forms after a sharp price surge, creating the flagpole. The consolidation that follows is a slight downward or sideways drift contained within parallel trendlines. A key characteristic is declining trading volume during this period, indicating a lack of selling pressure.
The bullish move is confirmed when DOGE's price breaks out above the flag's upper trendline. A decisive breakout with increasing volume projects a further advance, often matching the initial flagpole's height.
Ultimately, this pattern suggests DOGE is gathering strength within an ongoing bullish trend, positioning it for a potential breakout rally.$PIPPIN $POWER
