Dogecoin (DOGEUSD) price edged slightly higher in its latest intraday trading, driven by continued positive signals from the Stochastic indicators, which provided the price with some positive momentum through which it attempts to recover part of its previous losses, amid continued negative pressure from trading below its 50-day SMA, which reduces the chances of a near-term recovery, especially after previously breaking a main upward trend line in the short term, allowing the corrective bearish trend to dominate the price movement.

Therefore we expect the digital currency price to decline in its upcoming intraday trading, as long as it remains below the $0.1070 resistance level, targeting the psychological support level at $0.1000.

Todays price forecast: Bearish