The Dogecoin price today has climbed to $0.213 after a bullish breakout from a multi-week descending channel structure. Price action has been supported by renewed demand, reclaiming the $0.20 level with momentum, while derivatives data suggests strong long positioning. As DOGE retests the $0.215–$0.218 resistance band, bulls are watching for continuation toward $0.225 and beyond.
What’s Happening With Dogecoin’s Price?
On the weekly chart, Dogecoin price has held above its long-term trendline support after forming a symmetrical triangle structure. The recent bounce from the $0.188–$0.196 range confirms bullish defense of higher lows, and DOGE is now attempting to push through key resistance around $0.215. Notably, this recovery comes after months of contraction inside a triangle formation, which now appears to be resolving upward.
The daily chart adds further confirmation, with price action breaking through the upper boundary of the descending wedge while establishing a higher low. DOGE has cleared its immediate resistance at $0.196 and is now consolidating above this level. The Smart Money Concepts chart indicates a recent bullish CHoCH, suggesting a break of market structure and the potential start of a trend reversal.
Why Is The Dogecoin Price Going Up Today?
The rise in Dogecoin price today is backed by both technical breakout momentum and a sharp shift in derivatives sentiment. Data from Coinglass shows DOGE’s futures volume spiked 53.36% to $9.81 billion in the last 24 hours, while open interest surged 12.68% to $3.12 billion. Options volume doubled, and the long/short ratio on Binance stands at 2.49 among accounts and a high 3.68 for top trader positions — indicating aggressive long bias.
From a liquidation perspective, short positions worth over $1.46 million were wiped out, while long liquidations remained minimal. This skew reflects the strength of bullish pressure and short squeezes fueling price acceleration. Options open interest rose 37.38%, further supporting the outlook for continuation.
Bollinger Bands and EMAs Show Strengthening Trend
On the 4-hour chart, Dogecoin price action is trading firmly above all key exponential moving averages, with the 20 EMA at $0.202 and the 200 EMA lagging below at $0.182. The bullish stack of the 20/50/100/200 EMAs reinforces short-term uptrend strength.
Bollinger Bands are expanding, and DOGE is attempting to close above the upper band at $0.2158. This reflects breakout volatility and may lead to price expansion if the band continues to stretch. However, the 30-minute RSI is neutral at 54.8, and the MACD is slightly bearish, suggesting consolidation may occur before further upside.
The parallel channel on the 4-hour chart shows DOGE moving within a bullish ascending range, with the midline support at $0.204 and channel top near $0.225. Fibonacci extensions and pivot levels indicate the next major target at $0.225 and $0.2319 if $0.2181 is cleared.
Dogecoin Price Prediction: Short-Term Outlook (24H)
In the next 24 hours, Dogecoin price is expected to retest the $0.218–$0.225 resistance cluster. A breakout above this zone would expose the $0.2319 target, followed by a broader move toward $0.25. Support remains at $0.204 and $0.196, which align with the mid-channel zone and prior breakout region.
If price dips back into the $0.204–$0.206 zone, bulls will look for a bounce to confirm a retest. A failure below $0.196 could delay upside momentum, with next support at $0.185.
Overall trend bias remains bullish as long as DOGE holds above $0.196 and channel support continues to guide higher lows.
Dogecoin Price Forecast Table: July 18, 2025
| Indicator/Zone | Level / Signal |
| Dogecoin price today | $0.213 |
| Resistance 1 | $0.2181 (short-term pivot) |
| Resistance 2 | $0.2250 |
| Resistance 3 | $0.2319 (Fibonacci 1.618 ext) |
| Support 1 | $0.2045 (channel midline) |
| Support 2 | $0.1960 (breakout base) |
| EMA Cluster (4H) | Bullish stack below price |
| Bollinger Bands (4H) | Expanding, upper band at $0.2158 |
| RSI (30-min) | 54.85 (neutral) |
| MACD (30-min) | Bearish crossover, weak momentum |
| Open Interest (24H) | $3.12B (+12.68%) |
| Futures Volume (24H) | $9.81B (+53.36%) |
| Long/Short Ratio (Binance Top) | 3.6791 (Strong long bias) |
| Total Shorts Liquidated (24H) | $1.46M |
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