Dogecoin (DOGEUSD) price recorded slight gains in its latest intraday trading after rebounding from the support of its 50-day SMA, which provided the price with positive momentum that helped drive these gains. This move also coincides with the emergence of a positive crossover on the Stochastic indicator after reaching deeply oversold levels relative to price action, suggesting the beginning of a positive divergence, while a short-term corrective bullish wave remains dominant.

Therefore we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, as long as support at $0.0875 remains intact, targeting the key resistance level at $0.0985.

Todays price forecast: Bullish