Dogecoin Primed For Liftoff If It Can Break This Barrier: Key Price Targets
Dogecoin fell to approximately $0.168 before rising to around $0.19, reflecting a six percent increase in 24 hours, coinciding with Bitcoin's recovery from $106,800 to above $109,000. Technical analyst Kevin notes that Dogecoin must break the resistance at the $0.19-$0.21 range to target $0.26-$0.28. Bitcoin's performance is crucial, with a potential rally if it reaches $120,000-$130,000. Analyst Chandler highlights past failures of Dogecoin to outperform Bitcoin and indicates that for Dogecoin to be favorable against Bitcoin, it would need to reach around $0.60 if Bitcoin hits $120,000-$130,000. Key levels to watch are $106,800 for Bitcoin and $0.21 for Dogecoin; a break above $0.211 could lead to further gains for Dogecoin. As of now, Dogecoin is trading at $0.19.
