Dogecoin (DOGEUSDT) declined in its latest intraday trading under continued negative pressure from trading below the 50-day SMA, remaining under the dominance of the main short-term bearish trend with trading along a descending line that reinforces this direction. In addition, bearish signals are appearing from the relative strength indicators after previously reaching extremely overbought levels.

Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $0.21830 holds, targeting the key support level of $0.17816, with potential for a further break below it.

Todays price forecast: Bearish.