DOGE Price Faces Correction Towards $0.07

DOGE's price is currently hovering around $0.09, but this is not a sign of strength - it's actually a ceiling.

The coin has been trading within a tight range of $0.09 to $0.10, and the daily candle structure shows that price is sitting on top of its 200-day Simple Moving Average (SMA).

There are several indicators suggesting that DOGE is due for a correction. The momentum divergence between the short-term moving averages and the spot price is significant, indicating exhaustion rather than consolidation.

The RSI is also overbought at 79%, which is a sign of potential reversal.