Dogwifhat (WIFUSD) settled lower in its latest intraday trading, as the main short-term bearish trend remains dominant with trading along a descending line that supports this direction. Continuous negative pressure persists from trading below the 50-day SMA. However, positive signals have begun to appear from the relative strength indicators after reaching extremely oversold levels, which may help limit the cryptocurrencys upcoming losses.

Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $0.61967 holds, targeting the support level of $0.15406.

Todays price forecast: Bearish.