FX.co ★ Technical analysis of Dogecoin for November 2, 2022

We have seen Dogecoin spike higher towards resistance at 0.1629 (the high has been seen at 0.1584). This spike is enough to fulfill the requirements for the rally from 0.055 and set the stage for a corrective decline towards at least 0.1116 and possibly even closer to support at 0.0883.

A break below support at 0.1258 will confirm that Dogecoin has peaked for now and the expected correction is unfolding.