Dogecoin [DOGE] HODLers may see light at the end of the tunnel after this…

ambcrypto.com:

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

Over the last three days, Dogecoin [DOGE] bulls provoked an impressive buying comeback from the $0.06 support. As a result, it saw a revival above the Point of Control (POC, red). In its endeavor to sustain the bullish volatile break, DOGE bulls could continue propelling near-term gains.

With the formation of a bullish pattern in the four-hour timeframe, sellers were on the back foot. At press time, DOGE was trading at $0.0727, up by 3.61% in the last 24 hours.

Source: TradingView, DOGE/USD

After flipping from the $0.075-resistance, DOGE lost over 21% of its value and matched its weekly lows on 26 July. After seeing a tussle between the buyers and sellers near the Point of Control (POC, red), the price action saw a reversal from the long-term $0.06 zone support.

Over the last few days, DOGE formed a bullish pennant pattern in the four-hour timeframe. Given the steepness of the flag, the pattern could hold the near-term bullish momentum. The bears would most likely step in the $0.073-$0.076 range to pose hurdles. 

In such a case, this bearish reversal could find reliable grounds in the $0.0715-$0.071 range. Any bouncebacks from this range could hint at an entry trigger. In either case, potential targets for the near-term rest in the $0.076-zone.

Also, with the 20 EMA (red) undertaking a bullish crossover with the 50EMA (cyan) and the 200 EMA (green), the bulls would aim to continue their immediate buying spree.

Source: TradingView, DOGE/USD

The Relative Strength Index (RSI) approached to retest the overbought mark at press time. A likely reversal from this zone could facilitate near-term ease in