Dogecoin News Today: Dogecoin Surges 2.7% Crossing $0.21 Mark, Eyes $0.25

Dogecoin, initially a meme coin, has now become a significant player in the market, drawing attention from both traders and long-term investors. After weeks of consolidation below $0.17, the price of Dogecoin has surged, crossing the $0.21 mark and indicating a potential extended rally. With renewed retail interest, improving market sentiment, and visible strength on the charts, the question arises: Can Dogecoin reach $0.25 in the coming days, or even surpass it? This analysis delves into the latest price movements, examines key technical indicators, and provides a data-backed prediction on what might happen next for Dogecoin.

The daily Heikin Ashi candle for DOGE/USD closed green with a +2.7% gain, marking the seventh consecutive green daily close. This indicates that bulls are in control, following a solid accumulation phase below $0.17. Dogecoin has now flipped resistance at $0.20 into support. The Relative Strength Index (RSI) has surged to 72.19, entering overbought territory, which means demand has rapidly outpaced supply. In strong uptrends, RSI can remain overbought for extended periods, suggesting that this rally still has room to run before exhaustion.

The chart shows a clean breakout above the previous short-term resistance level around $0.20. Dogecoin is now targeting the next major Fibonacci extension levels. The 0.618 Fib Extension is at $0.216, the 1.0 Fib Extension is at $0.228, and the 1.618 Fib Extension is at $0.249. Currently, DOGE is trading at $0.21255, just under the 0.618 level. A confirmed daily close above $0.216 could push DOGE to test $0.228 and possibly extend to $0.249, marking a 17.2% increase from current levels.

Based on current price momentum, overbought RSI, and continuous green candles, a short-term rally to $0.25 is within reach, especially if Bitcoin maintains its upward trajectory and sentiment remains positive across the meme coin market. However, an RSI above 70 warrants caution. A mild pullback or consolidation between $0.205 and $0.216 would actually be healthy for continuation. As long as DOGE holds above $0.20, the bullish structure remains intact.

Key levels to watch include immediate support at $0.20, short-term resistance at $0.216, a mid-term target at $0.228, and a bullish breakout target between $0.249 and $0.25. The invalidation point is a daily close below $0.19. Dogecoin is in a clear breakout phase, with strong bullish candles, an RSI momentum surge, and a pattern of higher highs and higher lows. If volume increases in the coming days, a rally to $0.228–$0.25 seems very likely within July. Traders should monitor the $0.216 resistance zone closely—a clean break and retest will signal the next bullish leg.