Dogecoin Primed For Liftoff If It Can Break This Barrier: Key Price Targets

Dogecoin recently fell to a low of $0.168 but has since rebounded to around $0.19, up about 6% in 24 hours. The rebound is linked to Bitcoin's recovery from $106,800 to above $109,000. Technical analyst Kevin argues that Dogecoin needs to break through the $0.19-$0.21 resistance level to head back up to the $0.26-$0.28 level. Bitcoin's behavior remains crucial, and if it extends towards the $120,000-$130,000 range, Dogecoin will decouple from its dependence on Bitcoin. Chandler, another analyst, is less optimistic and notes that Dogecoin would need to reach $0.52 to reach a higher high against Bitcoin, and $0.60+ if Bitcoin reaches $120-130k. The $0.19-$0.21 supply zone is a key level to watch, and a decisive close above $0.211 would place the May 11 summit at $0.2597 back in play. For now, traders are watching two numbers: $106,800 on Bitcoin and $0.21 on Dogecoin. A clean break of the latter would validate Kevin's bullish roadmap, and keep alive the possibility of Chandler's higher-high scenario on the DOGE/BTC cross.