Dogecoin has fallen to a low of nearly $0.168 and was trading at around $0.19 last week on Tuesday morning, up about six percent in 24 hours. The recovering coincided with Bitcoin's technical recovery from $106,800 to just over $109,000, energizing short-term buyers across the meme coin market. Dogecoin needs to conquer this price Technical analyst Kevin (@Kev_Capital_TA) believes that the Fibonacci defense has returned to a bullish structure – but only to a certain extent. "After falling to .382 Fibonacci, Dogecoin finally found the necessary support level, while BTC also found support at 100K," he wrote. "As for the near future of DOGE, there's still a lot of work to be done. A breakout of the major resistance in the .19-.21 cent range is needed to get back to the .26-.28 level. The indicators on the daily chart appear to be bullish. Taking off after breaking through this barrier: the main price target Therefore, the behavior of Bitcoin remains a key factor. This morning's BTC spot price has fluctuated around $109,000 and has held the $106,800 inflection point so far, with some prominent analysts, including Michael van de Poppe, marking it as a "potentially upside support level." If Bitcoin expands to $120,000 - $130,000, Kevin believes that Dogecoin will move away from its dependence on this standard, "because the dominance is at its peak and the market smells the easing of monetary policy." Cryptocurrency expert Chandler ( "@ChandlerCharts" ) is not too optimistic. He compares DOGE's price to DOGE/BTC, market capitalization, and RSI over a four-day period, and his chart highlights the three previous stages of compression – grey – when the meme coin failed to maintain its outperformance relative to Bitcoin. "Even if DOGE surpasses the November high, it wouldn't be ideal if DOGE/BTC ends well below the November high," he warned. Chandler calculates that if BTC is at $107,600, Dogecoin would need to print about $0.52 to overtake Bitcoin. "If BTC rises to $120-$130,000, DOGE needs to stay above around $0.60 for DOGE to make it more meaningful to hold DOGE than to hold BTC." This level underscores the importance of the $0.19-$0.21 supply zone, which can be seen on the charts of both analysts. On Kevin's chart, it coincides with the Fib cluster of 0.618-0.703, and on Chandler's chart, it overlaps the upper border of the eighteen-month value area, which has repeatedly rejected the upside probe. A decisive close above $0.211 will bring back the May 11 high of $0.2597 and will be more important for bullish speculators. At the moment, traders are looking at two numbers: $106,800 for Bitcoin and $0.21 for Dogecoin. A complete breakout of the latter would confirm Kevin's upward path towards $0.26-$0.28 and maintain the possibility of Chandler's higher peak scenario in DOGE/BTC trading in an extended sense. Until then, the fate of the meme coin was actually "still in the hands of BTC's ability to rise even higher." #5月CPI 数据将公布 #现货比特币ETF持仓破110万枚 #科技巨头布局稳定币