After reclaiming the $0.20 zone earlier this month, Dogecoin price today has pushed through multiple resistance layers to reach $0.251. The move marks a significant breakout from the descending trendline that capped DOGE since November 2024. Bulls are now attempting to stabilize price above key structural levels.
What’s Happening With Dogecoin’s Price?
The daily chart shows Dogecoin breaking cleanly above a long-term downtrend and closing above all major EMAs, including the 200 EMA at $0.204. This flip in structure confirms the shift in trend bias, while the Bull Market Support Band between $0.1839 and $0.2024 now acts as a solid base.
On-Balance Volume has risen sharply to 49.61B, signaling strong participation behind the breakout. Parabolic SAR has also flipped bullish and continues trailing below price, adding confirmation to the trend direction.
On the 4-hour chart, price action remains elevated with no sign of topping structure. The Chande Momentum Oscillator is holding near 32, and CMF at 0.10 reflects healthy capital inflow. Both indicators support the ongoing strength of the move.
Why Is The Dogecoin Price Going Up Today?
Why Dogecoin price going up today can be traced to a technical breakout paired with aggressive derivatives positioning. On the 30-minute chart, DOGE has completed a cup-and-handle pattern. The handle is unfolding inside a descending channel just above the neckline at $0.250, suggesting bulls are attempting to confirm the breakout.
MACD is flat, while RSI hovers around 53. The lack of bearish divergence here points to consolidation, not reversal.
Coinglass data shows Binance long/short ratios heavily skewed in favor of bulls, with a 3.83 ratio among top traders and over $8.9M in long liquidations in the last 24 hours. Despite the 31% drop in volume, open interest remains elevated near $4.28B, suggesting commitment from leveraged buyers.
Volatility and Momentum Indicators Support Further Upside
Bollinger Bands on the daily timeframe are expanding rapidly. Price has pushed through the upper band at $0.257 and is holding above the 20-day SMA, now at $0.204. This kind of breakout volatility is typically followed by directional continuation.
All four major EMAs on the daily chart are now stacked below price, with the 50 EMA at $0.194 and the 100 EMA at $0.192. The upward slope across the stack adds strength to the bullish case and suggests any dip toward the $0.240 zone may be bought quickly.
DOGE Price Prediction: Short-Term Outlook (24H)
As long as Dogecoin stays above $0.245, the breakout remains intact. A confirmed move above the $0.258 handle resistance could open the path toward $0.275, where a previous high from February sits.
If buyers lose control of the $0.242–$0.245 region, DOGE could pull back to test $0.232. The 200 EMA at $0.204 provides a final line of defense in case of deeper retracement.
With volume-backed breakout signals, bullish derivatives sentiment, and supportive momentum indicators, the bias leans positive for July 21.
Dogecoin Price Forecast Table: July 21, 2025
| Indicator/Zone | Level / Signal |
| Dogecoin price today | $0.251 |
| Resistance 1 | $0.258 |
| Resistance 2 | $0.275 |
| Support 1 | $0.245 |
| Support 2 | $0.232 |
| 200 EMA (1D) | $0.204 |
| RSI (30-min) | 52.96 (neutral) |
| MACD (30-min) | Flat, no divergence |
| Bollinger Bands (1D) | Expanding, breakout confirmation |
| OBV | 49.61B, strong volume build |
| CMF (4H) | 0.10, capital inflow |
| ChandeMO (4H) | 32.03, rising momentum |
| Parabolic SAR (1D) | Bullish, below price |
| Binance Top Trader Long/Short | 3.83, long-heavy skew |
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