Dogecoin Correction Sparks Warnings of Extended Bearish Trend

Dogecoin (DOGE) is experiencing a correction, trading at $0.086 after edging lower on Friday.

This drop of nearly 14% from August's peak of $0.100 comes as the broader cryptocurrency market moderates following last week's rally.

The meme coin's emerging supply caps its immediate upside at $0.087, raising the odds of an extended correction.

However, this could be a healthy pullback for Dogecoin, allowing traders to book profits after months of persistent bearish conditions.