Dogecoin Price Surge to $0.251

After reclaiming the $0.20 zone earlier this month, Dogecoin’s price surged to $0.251, overcoming several resistance levels. This move signifies a crucial breakout from the descending trendline that restricted DOGE since November 2024. Bulls are currently working to maintain the price above key structural levels.

What’s Happening With Dogecoin’s Price?

DOGE price forecast (Source: TradingView)

The daily chart indicates Dogecoin cleanly surpassed a long-term downtrend, closing above all major EMAs, including the 200 EMA at $0.204. This structural change confirms a shift in trend bias, while the Bull Market Support Band ($0.1839 – $0.2024) now serves as a strong foundation.

DOGE price forecast (Source: TradingView)

On-Balance Volume surged to 49.61B, indicating robust participation in the breakout. The Parabolic SAR has also flipped to bullish, continuing to trail below the price and confirming the trend direction.

DOGE price forecast (Source: TradingView)

According to the 4-hour chart, price action remains elevated, showing no signs of a peak. The Chande Momentum Oscillator is near 32, and the CMF at 0.10 reflects healthy capital inflow, both indicating ongoing strength in the movement.

Why Is The Dogecoin Price Going Up Today?

DOGE price forecast (Source: TradingView)

The rise in Dogecoin’s price today can be attributed to a technical breakout combined with aggressive derivatives positioning. The 30-minute chart shows DOGE completing a cup-and-handle pattern, with the handle forming inside a descending channel just above the neckline at $0.250, indicating bulls are confirming the breakout.

Currently, MACD is flat, and RSI is about 53, with no signs of bearish divergence, suggesting consolidation rather than reversal.

DOGE Derivative Analysis (Source: Coinglass)

Coinglass data reveals Binance long/short ratios are heavily weighted in favor of bulls, posting a 3.83 ratio among top traders, with over $8.9M in long liquidations in the last 24 hours. Despite a 31% drop in volume, open interest remains high near $4.28B, showing commitment from leveraged buyers.

Volatility and Momentum Indicators Support Further Upside

DOGE price forecast (Source: TradingView)

Bollinger Bands on the daily timeframe are expanding rapidly. The price has surpassed the upper band at $0.257, remaining above the 20-day SMA now at $0.204. Such breakout volatility usually precedes continued direction.

All major EMAs on the daily chart are positioned below the price, with the 50 EMA at $0.194 and the 100 EMA at $0.192. The upward trend of these indicators reinforces the bullish case, suggesting that any dip toward the $0.240 zone may be quickly bought.

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

As long as Dogecoin holds above $0.245, the breakout remains valid. A confirmed break above the $0.258 resistance could pave the way towards $0.275, aligning with a previous high seen in February.

Should buyers lose momentum in the $0.242-$0.245 area, DOGE may retract to test $0.232. The 200 EMA at $0.204 acts as a crucial defense line in case of deeper retracement.

Given the volume-backed breakout signals, bullish derivative sentiment, and favorable momentum indicators, the outlook remains positive for July 21.

Dogecoin Price Forecast Table: July 21, 2025

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