Dogecoin’s price has completed an multi-month cup-and handle formation, triggering the breakout of its neckline at $0.05. The move marks an important structural shift in DOGE’s trend as bullish momentum accelerates due to strong volume and rising interest. Dogecoin is currently trading at $0.251, a gain of more than 26% over the weekly chart. It has its sights set on the next resistance, near $0.264.
What’s happening with Dogecoin price?
The daily chart shows an extremely well-defined cup-and handle formation that spans from March 2025 to July 2025. DOGE formed a rounded base between $0.128 to $0.26 over a period of several months. This was followed by a shallow pullback on the handle and a breakout above $0.25. The neckline breakout confirms a bullish continuation pattern with a possible measured target near $0.32.
Smart Money Concepts confirms this breakout on the 4-hour chart. They show multiple Breaks of Structures (BOS) or Change of Characters (CHoCH) during the rally. The price has also closed above the key liquidity zones of $0.24, confirming that trend control has shifted from bears to bulls.
The Fibonacci weekly retracement levels set the next targets for upside at $0.264 (Fib 0.382), $0.30 (Fib 0.50), and $0.35 (0.618). Bulls can now aim for these levels if the breakout remains above $0.25.
Why is the Dogecoin price going up today?
Why Dogecoin prices are rising today is directly related to the confirmed pattern break out, rising derivatives positions, and strong spot markets activity:
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24-hour trading volume jumped 30.79% to $19.49B.
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Open Interest increased by 6.05%, to $4.25B. This confirms capital inflow.
- The top trader’s long/short on Binance is 3.798, showing a clear bias towards the long side.
On the 4-hour timeframe DOGE is trading above it’s 20/50/100/200 EMAs. These are now stacked up bullishly between $0.0088 and $0.0228. This EMA alignment provides dynamic support below the price, while Bollinger Bands are increasing — suggesting new volatility. The upper band is near $0.258, which aligns to short-term resistance.
The momentum is still strong despite the two divergences in RSI. RSI is still above 60 and MACD has just begun to flatten. This suggests a short-term pause, rather than a reversal.
Breakout of Cup and Handle Triggers Bullish Continue
The price staying above the handle high signals conviction. Smart Money indicators on-chain confirm that this rally is not a result of short liquidations, but rather genuine accumulation. The recent BOS events and CHoCH on the 4H chart combined with the liquidity sweep zones between $0.22-$0.24 that are now flipping into support create a structurally positive environment.
Derivatives data supports this view. DOGE’s long/short is still heavily skewed in favor of longs on Binance and OKX. Top trader accounts at Binance have a long/short of 2.598. The futures funding rates remain neutral, indicating that leveraged longs have not yet reached an overheated state. This is a positive sign of trend sustainability.
DOGE Price Prediction – Short-Term Outlook (24H).
Dogecoin’s price has reclaimed its key breakout level of $0.25 and is now aiming for the next resistance levels at $0.258 or $0.264. A successful close above the $0.264 level would open the doors to a retest at $0.30 and possibly $0.32. This aligns with the pattern’s measured move and the Fib 0.5 zones.
If bulls lose their momentum, the first level of support is $0.235-$0.228 which coincides with EMA20/50. Below that, the handle base near $0.21 is a strong secondary resistance. The bullish trend will continue until $0.22 is broken.
Dogecoin’s price is likely to continue rising today, as a result of the completion and completion of a multimonth bullish pattern. The volume profile is also supportive, and the derivatives flow is strong.
Dogecoin price forecast table: July 20, 2025
|
Indicator/Zone |
Level/ Signal |
| Dogecoin today’s price | $0.251 |
| Resistance 1 | $0.258 |
| Resistance 2 | $0.264 (Fib 0.382) |
| Support 1 | $0.235 |
| Support 2 | $0.228 (EMA20/50) |
| RSI (30 min) | 60.5, bearish divergence spotted |
| MACD (30-min). | Flattening, potential pause |
| Pattern Watch | Cup and handle break-out confirmed |
| Smart Money Structure | BOS and CHoCH confirmed |
| EMA Stack (4H). | Bullish alignment |
| Bollinger Bands (4H) | Expanded volatility breakout |
| Open Interest (Derivatives) | $4.25B (+6.05%), bullish flow |
| Binance Top Traders Rate | 3.798 long-heavy bias |
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