Dogecoin (DOGEUSDT) extended its decline in recent intraday trading, under the control of a short-term corrective downtrend along a descending slope, with persistent negative pressure as the price moves below the 50-period SMA. This reduces the chances of a near-term recovery, particularly as RSI indicators continue to generate bearish signals after previously reaching overbought territory.

Therefore, we expect the coin to decline in upcoming sessions, as long as resistance holds at 0.24259, with the next target at the support level of 0.21047.

Todays price forecast: Bearish.