Just noticed doge looking pretty extended right now. Price is sitting at $0.11 but the RSI is way up at 76.74 - that's deep overbought territory. Meanwhile the MACD is flattening out, which usually means the upside momentum is starting to fade. All the classic signs that a pullback might be coming soon.

Looking at the technicals, doge is trading about 10% above the 20-day moving average and basically at the upper Bollinger Band. That's a pretty stretched position historically, and in trending markets this usually sets up a correction. The 20-day and 50-day moving averages are converging around $0.10, which should act as the first real support level. Below that, the lower Bollinger Band sits near $0.094 - that's probably where doge would find solid footing if we see a bigger pullback.

What's interesting is the positioning data I saw - retail traders are 66.6% long and institutions are 68% long. That's extremely bullish sentiment, which paradoxically often marks local tops. When everyone's already bullish, there aren't many more buyers left to push it higher. The funding rate is pretty neutral at 0.0018%, so any correction would likely come from technical factors rather than derivatives liquidations.

Volume is holding up okay at around $40M in the last 24 hours, so if doge does pull back it should be relatively orderly rather than a sharp crash. If we break below $0.105, that would confirm the correction setup is playing out. A move back up above $0.115 would invalidate this thesis though. Either way, doge volatility being what it is, position sizing matters here.