Dogecoin (DOGEUSD) declined in its latest intraday trading, as the main bearish trend continues to dominate the short term, with price action moving alongside a minor downward trendline that supports this path. Negative signals are coming from the RSI, despite reaching deeply oversold levels, while the price has started to break below its 50-period SMA, exposing it to additional downside pressure in the near term.

Therefore we expect the cryptocurrency price to decline further in the upcoming intraday trading, as long as resistance at 0.1345 holds, to target the first support level at 0.1255.

Todays price forecast: Bearish