February 11, 2025 at 16:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin Hovers sideways

At 16:00 UTC on February 11, 2025, Dogecoin's (DOGE) price stood at $0.26577611331961, experiencing a 5.21968261% price increase over the past 24 hours. The daily trading volume for DOGE was recorded at $1405560124.3461.

Key Metrics:

• Circulating Supply: 147998476383.71 DOGE
• Max Supply: Not specified
• Total Supply: 147998476383.71 DOGE
• Market Cap: $39334459830.485

Commentary:

Despite the recent price surge, Dogecoin remains confined within a relatively narrow trading range. The cryptocurrency has been consolidating between support and resistance levels for several weeks now, without breaking out in either direction.

Bullish sentiment may be waning as buyers struggle to sustain the momentum above the $0.27 mark. However, if the bulls manage to push Dogecoin past this level, it could trigger a further rally towards $0.30. On the other hand, if bears regain control and push the price below $0.25, DOGE could experience a significant sell-off.

Current market conditions suggest that Dogecoin is at a critical juncture, with the outcome of the current trading range poised to determine its short-term trajectory. Traders should remain cautious and closely monitor market developments before making any investment decisions.