February 11, 2025 at 17:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Remains Sideways - Will the Bulls Rise to the Challenge?

As of February 11, 2025, 5:00 PM, Dogecoin (DOGE) is trading at $0.26568281762584, with a 24-hour trading volume of $1425307626.5593. DOGE has witnessed a surge of 5.70535179% in the past 24 hours.

Bitcoin's circulating supply stands at 147999346383.71, while Dogecoin's maximum supply remains uncapped. Its total supply amounts to 147999346383.71, resulting in a circulating market capitalization of $39320883354.006.

Technical Analysis

DOGE has been trapped in a sideways trend for a prolonged period. The current price action is taking place within a narrow range between $0.26 and $0.28. The lack of significant price movement indicates indecision among market participants.

The Relative Strength Index (RSI) is currently hovering around 50, suggesting a neutral market sentiment. If the RSI breaks above 50, it could signal the potential for a bullish breakout. Conversely, a dip below 50 would indicate a shift towards bearish sentiment.

Future Outlook

The near-term outlook for DOGE depends on whether the bulls can overcome the current resistance at $0.28. A sustained break above this level could trigger a surge towards $0.30 and higher. However, if DOGE fails to break out, it may continue to consolidate within the current range or even face a potential decline.

Key Levels

• Support: $0.26, $0.25
• Resistance: $0.28, $0.30

Conclusion

Dogecoin is currently in a pivotal phase as it attempts to break out of its sideways consolidation. The upcoming price action will be crucial in determining whether the bulls can seize control and push the price higher or if the bears will maintain their grip and drive the price lower. Traders should monitor the RSI closely for potential signals of a breakout or breakdown from the current range.