Dogecoin (DOGEUSDT) declined in its recent intraday trading, as it searches for a higher low that could serve as a base to regain positive momentum. The short-term trend remains upward, with ongoing support from trading above the 50-day SMA. Additionally, a bullish divergence is beginning to form in the Relative Strength Index after reaching extremely oversold levels relative to price movement, with early signs of a positive crossover.
Therefore we expect the price to rise in upcoming intraday sessions, as long as support at 0.2544 holds, targeting the resistance level at 0.29133.
Today's price forecast: Bullish.