Dogecoin News Today: Dogecoin Surges 25% to $0.251, Breaking Long-Term Downtrend

Dogecoin (DOGE) has surged past the $0.25 mark, marking a significant breakout from its descending trendline that has capped the cryptocurrency since November 2024. This move comes after DOGE reclaimed the $0.20 zone earlier this month, pushing through multiple resistance layers to reach $0.251. The daily chart indicates that DOGE has broken above a long-term downtrend and closed above all major Exponential Moving Averages (EMAs), including the 200 EMA at $0.204. This structural flip confirms a shift in trend bias, with the Bull Market Support Band between $0.1839 and $0.2024 now acting as a solid base.

On-Balance Volume has risen sharply to 49.61B, signaling strong participation behind the breakout. The Parabolic SAR has also flipped bullish and continues to trail below the 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 the Chaikin Money Flow (CMF) at 0.10 reflects healthy capital inflow. Both indicators support the ongoing strength of the move.

The technical breakout paired with aggressive derivatives positioning is driving the current price surge. On the 30-minute chart, DOGE has completed a cup-and-handle pattern, with the handle unfolding inside a descending channel just above the neckline at $0.250. This suggests that bulls are attempting to confirm the breakout. The Moving Average Convergence Divergence (MACD) is flat, while the Relative Strength Index (RSI) hovers around 53. The lack of bearish divergence here points to consolidation rather than a reversal.

Data from Coinglass shows that Binance long/short ratios are 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 a 31% drop in volume, open interest remains elevated near $4.28B, suggesting commitment from leveraged buyers. Bollinger Bands on the daily timeframe are expanding rapidly, with the price pushing through the upper band at $0.257 and holding above the 20-day Simple Moving Average (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 the 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 that any dip toward the $0.240 zone may be bought quickly. As long as DOGE 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, 2025. The current price of DOGE is $0.251, with resistance levels at $0.258 and $0.275, and support levels at $0.245 and $0.232. The RSI on the 30-minute chart is at 52.96, indicating a neutral position, while the MACD is flat with no divergence. Bollinger Bands are expanding, confirming the breakout, and the OBV is at 49.61B, showing strong volume build. The CMF on the 4-hour chart is at 0.10, reflecting capital inflow, and the Chande Momentum Oscillator is at 32.03, indicating rising momentum. The Parabolic SAR is bullish and below the price, and the Binance Top Trader Long/Short ratio is 3.83, heavily skewed in favor of longs.