dogwifhat (WIFUSD) price settled with cautious gains in its latest intraday trading, touching resistance at its 50-day SMA, which exposed it to negative pressure. This pressure is further reinforced by the start of negative signals in the Stochastic indicators after reaching strongly overbought levels. Meanwhile, the short-term corrective bearish trend remains in control, with trading moving along a downward slope line that supports this path.

Therefore, we expect the currency to decline in its upcoming intraday trading, as long as the resistance level of 0.85600 holds, to then target the key support level of 0.63617.

Todays price forecast: Bearish.