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

  • Dogecoin experienced a bounce back to around $0.19, up roughly six percent over 24 hours, following Bitcoin's recovery from $106,800 to just above $109,000.
  • Key technical analyst points out that Dogecoin needs to break the resistance at the $0.19-$0.21 range to head towards the $0.26-$0.28 level, with bullish indicators on the daily timeframe.
  • Bitcoin's price movement is crucial, with Dogecoin likely to decouple from its dependency on Bitcoin when dominance peaks and the market anticipates easing monetary policy.
  • Traders are closely monitoring Bitcoin's $106,800 level and Dogecoin's $0.21 barrier, as a successful breakthrough of the latter would pave the way for Dogecoin to reach $0.26-$0.28.

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