13:00 on January 31, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: January 31, 2025

Current Price: $0.32771643325445

24-Hour Trading Volume: $1295730274.3402

Price Change in Past 24 Hours: -1.44941826%

Key Supply Metrics:

• Circulating Supply: 147846976383.71 DOGE
• Total Supply: 147846976383.71 DOGE
• Maximum Supply: N/A

Market Capitalization: $48451883767.922

Recent Price Performance:

Over the past 24 hours, Dogecoin's price has experienced a decline of approximately 1.45%. This downward trend has been observed across the broader cryptocurrency market, suggesting an overall dip in market sentiment.

Technical Indicators:

• Moving Average Convergence Divergence (MACD): The MACD currently indicates a bearish crossover, with the signal line falling below the moving average. This suggests that the current price momentum is to the downside.
• Relative Strength Index (RSI): The RSI is hovering around the 50 mark, indicating a neutral market sentiment. However, a dip below 50 could signal a potential shift towards bearish conditions.

Outlook:

The current price action for Dogecoin suggests that the market is currently experiencing a period of consolidation and indecision. While there has been a slight dip in price over the past 24 hours, the overall trend remains neutral.

Investors should monitor market conditions closely and consider factors such as market sentiment, technical indicators, and broader economic news before making any trading decisions. As with all cryptocurrency investments, caution is advised due to the inherent volatility of the market.