February 11, 2025 at 22:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin Eyes Resistance as Bulls Prepare for Potential Breakout

February 11, 2025, 10:00 PM

Dogecoin (DOGE) is currently trading at $0.25854263428173, with a 24-hour trading volume of $1510731590.7914. The price of DOGE has increased by 2.41446778% in the past 24 hours.

Supply and Market Data

• Circulating Supply of Dogecoin: 148001926383.71
• Maximum Supply of Dogecoin: Unlimited
• Total Supply of Dogecoin: 148001926383.71
• Market Capitalization of Dogecoin: $38264807926.014

Overview

Dogecoin has been consolidating sideways after its recent uptrend, and it is now facing a crucial resistance level. The bulls are looking to break above this resistance and continue the uptrend, while the bears are looking to defend this level and push the price lower.

Technical Analysis

The hourly chart for DOGE/USD shows that the price has been trading within a range between $0.24 and $0.26 for the past few days. The bulls have attempted to break above the $0.26 level several times, but they have been unsuccessful so far. The bears are looking to defend this level and push the price below $0.24.

The Relative Strength Index (RSI) is currently at 52, which indicates that the market is relatively balanced. The RSI is neither overbought nor oversold, which suggests that there is no clear short-term trend.

The Moving Average Convergence Divergence (MACD) is currently below the zero line, which indicates that the bears are in control. The MACD is also showing a bearish crossover, which suggests that the bears may be able to push the price lower.

Overall, the technical analysis for DOGE/USD is neutral. The bulls are looking to break above the $0.26 resistance level, while the bears are looking to defend this level and push the price lower. The RSI is currently at 52, which indicates that the market is relatively balanced. The MACD is below the zero line and is showing a bearish crossover, which suggests that the bears may be able to push the price lower.

Conclusion

Dogecoin is currently facing a crucial resistance level. The bulls are looking to break above this resistance and continue the uptrend, while the bears are looking to defend this level and push the price lower. The technical analysis for DOGE/USD is neutral, and the RSI and MACD are suggesting that the market is relatively balanced. It is important to note that the cryptocurrency market is highly volatile, and the price of DOGE could change significantly in the short term.