$DOGE

Technical Correction:

Dogecoin pulled back after encountering resistance at $0.245, with the RSI14 at 57.48 indicating relief from overbought conditions.

The 7-day SMA at $0.220 provided support, while the Fibonacci 23.6% level at $0.263 limited upward movement. This correction follows a 17% weekly rally, reflecting typical consolidation.

Derivatives data reveals $65 million in long liquidations, per Coinglass, intensifying selling pressure. A close above $0.245 may spark renewed momentum, but failure could see prices test the $0.225 support level.