February 01, 2025 at 14:00 Dogecoin's latest price

(24-hour Dogecoin price trend)

Dogecoin Faces Slight Dip: Price Analysis on February 1, 2025

As of 2:00 PM UTC on February 1, 2025, Dogecoin (DOGE) is trading at $0.32778808912966, marking a 24-hour trading volume of $1756626546.9781. The price of DOGE has fluctuated -0.41775507% over the past 24 hours.

Key Statistics:

• Current Price: $0.32778808912966
• 24-Hour Trading Volume: $1756626546.9781
• 24-Hour Price Change: -0.41775507%
• Circulating Supply: 147861546383.71
• Max Supply: (Not specified)
• Total Supply: 147861546383.71
• Market Capitalization: $48467253744.872

Market Movement:

Dogecoin has experienced a slight decline in price over the past 24 hours. This dip may be attributed to various factors, including market sentiment, technical analysis, or news surrounding the cryptocurrency.

Technical Analysis:

From a technical perspective, DOGE's price action has been trending sideways within a range of $0.3250 to $0.3350 over the past week. The cryptocurrency remains below its key resistance level of $0.3500. Further price action will depend on whether DOGE can break out of this range.

Market Outlook:

Despite the recent dip, Dogecoin still holds long-term bullish potential. The cryptocurrency has gained significant popularity in recent years due to its association with Elon Musk and its use in tipping and microtransactions. As the crypto market continues to evolve, DOGE is expected to remain a major player in the industry.

Disclaimer:

The information provided in this article is for informational purposes only and should not be construed as financial advice. Cryptocurrency trading involves significant risk and potential loss. Always conduct thorough research and consider your individual circumstances before making any investment decisions.