Dogecoin Breaks Out in Bullish Flag Pattern, Signals Potential for New Highs

Dogecoin (DOGE) is showing signs of a potential breakout from its long-term bearish trend after experiencing a sharp 28.96% surge in recent trading. Technical analysis by Raoul Pal suggests that the DOGE/BTC pair may be forming a bullish flag pattern, hinting at a possible upward trajectory. This follows a period where DOGE has been consolidating within a long-standing parallel channel.