Will This Bullish Pattern Dominate Dogecoin’s Chart?

Dogecoin (CRYPTO: DOGE) was trading almost 5% lower at one point during Tuesday’s 24-hour trading session after failing to regain the 50-day simple moving average on Sunday and Monday, which enticed sellers into the crypto. The retracement lower has settled Dogecoin into a possible bull flag pattern, although the formation is imperfect because of the gradually sloping pole.