### DOGE had a large bullish move October 25 to November 1, 2022, rising a whopping 170%. The spike reversed but DOGE still looks bullish based on a look at the daily EMA Ribbon.

The price of DOGE climbed rapidly from October 25, to November 1, 2022, rising from $0.0590 to $0.1594. Then the price retraced down to a local bottom wicking down to 0.0707 on November 9, 2022. 

![tviewchart](https://cfrimages.sgp1.cdn.digitaloceanspaces.com/Screenshot%202022-11-17%20at%207.24.32%20AM.png)

 
Using the EMA ‘ribbon’, consisting of 7 time frames, the present price movement of DOGE is still bullish. There was a small recovery from the local bottom of 0.0707 and the price as of writing is at 0.0875. The EMA ribbon is helpful in gauging the momentum of the coin. At current price levels, the ribbon is ‘squeezing’, indicating a more volatile move is coming.

NewsBTC [projects](https://www.newsbtc.com/analysis/dogecoin-doge-prints-bullish-pattern-0-11/) that DOGE could surge to $0.11, and provided the following technical indicators: Major Support Levels - $0.0850, $0.0800 and $0.0700 Major Resistance Levels - $0.0915, $0.1000 and $0.1100 DOGE has fared relatively well throughout a very tumultuous time for crypto as a whole. 

Even as a meme coin, DOGE exhibited surprising resilience - an indicator of the strength of the community behind it. The market capitalization of DOGE is currently at $11.5 billion according to coinmarketcap.com. It is the 8th largest crypto currency falling right below XRP and above ADA at the time of writing. 

DOGE had a large bullish move October 25 to November 1, 2022, rising a whopping 170%. The spike reversed but DOGE still looks bullish based on a look at the daily EMA Ribbon.

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