Dogecoin (DOGEUSD) price extended its decline in its latest intraday trading, amid continued negative pressure as it trades below its 50-day SMA, reinforcing the stability and dominance of the primary bearish trend in the short term, with price moving alongside a trendline supporting this path. In the background, negative signals continue to emerge from the Stochastic indicator, despite reaching extremely oversold levels.

Therefore we expect the cryptocurrency price to decline during its upcoming intraday trading sessions, as long as it remains below the resistance level at $0.0915, targeting the key nearby support level at $0.0877, with strong potential for a further breakdown.

Todays price forecast: Bearish