#OrderTypes101 Dogecoin is ready to take off if it can break through this obstacle: Key price targets

Dogecoin's price dropped to a low near $0.168 last week before rising again and trading around $0.19 on Tuesday morning, an increase of nearly six percent in 24 hours. This rebound coincided with Bitcoin recovering from the technical level of $106,800 to above $109,000, reactivating buyers on the short-term dip across the meme coin range.

Dogecoin needs to overcome this price level

Technical analyst Kevin argues that Fibonacci support has restored the bullish structure - but only to some extent. He wrote: "After dropping to the .382 Fibonacci, Dogecoin finally found the support it needed along with BTC finding support at $100,000." "As for the near future of ** DOGE, it has a lot of work to do. It must break the significant resistance at the $.19-.21 range in order to return to the $.26-.28 level. The indicators on the daily timeframe look bullish."

Therefore, Bitcoin's behavior remains pivotal. BTC is hovering around $109,000 this morning and has so far defended the $106,800 pivot that many prominent analysts, including Michael van de Poppe, have pointed to as "the key pivot for potential upward movement."