Dogecoin (DOGE) Price Prediction for July 20, 2025: DOGE Breaks Out From Cup and Handle Pattern Toward $0.26

Dogecoin price has completed a multi-month cup and handle formation, triggering a decisive breakout above its neckline at $0.25. The move marks a key structural shift in DOGE’s trend, as bullish momentum accelerates with strong volume and rising open interest. As of writing, Dogecoin price today is trading at $0.251, up more than 26% on the weekly chart and setting its sights on the next resistance near $0.264.

What’s Happening With Dogecoin’s Price?

The daily chart shows a well-defined cup and handle formation stretching from March to July 2025. DOGE formed a rounded bottom between $0.128 and $0.26 over several months, followed by a shallow handle pullback and breakout above $0.25. The neckline breakout confirms the bullish continuation pattern, with a potential measured target near $0.32.

This breakout is supported by Smart Money Concepts on the 4-hour chart, which show multiple Breaks of Structure (BOS) and Change of Character (CHoCH) confirmations during the rally. Price has also swept and closed above key liquidity zones around $0.24, reinforcing the shift in trend control from bears to bulls.

The weekly Fibonacci retracement levels place the next upside objectives at $0.264 (Fib 0.382), $0.30 (Fib 0.5), and $0.35 (Fib 0.618). These levels now serve as targets for bulls if the breakout holds above $0.25.

Why Is The Dogecoin Price Going Up Today?

Why Dogecoin price going up today is tied directly to the confirmed pattern breakout, rising derivatives positioning, and strong spot market activity:

• 24-hour trading volume jumped 30.79% to $19.49B.
  
• Open Interest rose 6.05% to $4.25B, confirming capital inflow.
  
• Top trader long/short ratio on Binance is 3.798, showing a clear long bias.

On the 4-hour timeframe, DOGE is trading above its 20/50/100/200 EMAs, which are now stacked bullishly between $0.188 and $0.228. This EMA alignment offers dynamic support beneath price, while the Bollinger Bands are expanding — suggesting fresh volatility. The upper band is currently near $0.258, which aligns with short-term resistance.

Although the 30-minute chart shows two bearish RSI divergences, momentum remains strong overall. RSI still holds above 60, and MACD has only just begun to flatten, hinting at a short-term pause rather than a reversal.

Cup and Handle Breakout Triggers Bullish Continuation

The technical breakout is further validated by price holding above the handle high, signaling conviction. On-chain Smart Money indicators confirm this rally is backed by genuine accumulation, not just short liquidations. The recent BOS and CHoCH events on the 4H chart, paired with liquidity sweep zones at $0.22–$0.24 now flipping to support, create a structurally bullish environment.

Derivatives data also supports this view. DOGE’s long/short ratio remains highly skewed toward longs across Binance and OKX, with top trader accounts on Binance showing a 2.598 long/short ratio. The futures funding rate remains neutral, showing that leveraged longs are not yet overheated — a positive sign for trend sustainability.

DOGE Price Prediction: Short-Term Outlook (24H)

Dogecoin price has reclaimed the key $0.25 breakout level and is now targeting the next resistance at $0.258 and $0.264. A successful close above $0.264 would open the door to a retest of $0.30 and potentially $0.32, which aligns with the pattern’s measured move and Fib 0.5 zone.

If bulls lose momentum, the first support lies at $0.235–$0.228, which coincides with the EMA20/50 cluster. Below that, the handle’s base near $0.21 remains a strong secondary support. However, unless $0.22 fails, the bullish trend remains intact.

Given the completion of a multi-month bullish pattern, supportive volume profile, and strong derivatives flow, Dogecoin price today is likely to remain elevated, with breakout continuation as the dominant scenario.

Dogecoin Price Forecast Table: July 20, 2025