Dogecoin [DOGE] buyers could rely on this breakout possibility

ambcrypto.com:

Over the course of the last seven weeks, Dogecoin [DOGE] has clawed itself toward its nine-month trendline resistance (white, dashed) in the daily chart. This gradual revival aided the meme-coin in expediting the growth on its 20 EMA as it strived to provoke a bullish flip on the EMA ribbons.

However, DOGE struggled to find a volatile break away from the Point of Control (POC, red). With a host of resistances in the $0.07 zone, the buyers must ramp up the buy volumes to finally confirm a breakout possibility. At press time, DOGE was trading at $0.0689, up by 2.85% in the last 24 hours.

Source: TradingView, DOGE/USD

The buying resurgence from the 15-month support in the $0.049-$0.052 range helped the coin to maintain a position near the POC level. Meanwhile, the buyers struggled to break above the shackles of the EMA ribbons.

Also, the nine-month trendline resistance coincided with the 50 EMA to create a stiff hurdle. While the buying pressure seemingly built up around the boundary of these ribbons, any break above the $0.07-mark can enforce a bullish volatile move.

Over the last month, DOGE formed a symmetrical triangle-like structure in the daily timeframe. Given the slight previous uptrend, the coin had breakout potential. Any break above the pattern could trigger a test of the $0.077-ceiling in the coming sessions. 

However, a bearish intervention at the $0.07-mark could help the sellers extend the sluggish phase. Any close below the $0.065 level would act as a potential trigger for bullish invalidation.

Source: TradingView, DOGE/USD

The RSI finally snapped the 52-resistance to claim a bullish edge. Bulls still needed to maintain the uptrend above this level to ensure continued growth on the chart.

Interestingly, the CMF and