Dogecoin (DOGEUSD) advanced in recent intraday trading, continuing to benefit from its earlier breakout above a major short-term bearish trendline. The cryptocurrency remains supported by trading above its 50-period Simple Moving Average (SMA), which is acting as a dynamic support level and reinforcing the prospects for further gains in the near term. This bullish outlook is further supported by the emergence of a positive crossover on momentum indicators after the price successfully worked off its overbought conditions, providing additional room for the rally to extend.

Therefore, our outlook remains bullish for the cryptocurrency's upcoming intraday trading sessions, as long as support at $0.0715 remains intact. Under this scenario, the price is expected to target the key resistance level at $0.0780.

Today's price forecast: Bullish.