(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Analysis: February 12, 2025
At 13:00 UTC on February 12, 2025, the live price of Dogecoin (DOGE) stands at $0.25241417345857. Over the past 24 hours, the trading volume has reached $1,623,774,740.4357, with a price drop of 3.85403141%.
Key Statistics
- Market cap: $37,359,957,204.452
- Circulating supply: 148,010,536,383.71 DOGE
- Maximum supply: N/A
- Total supply: 148,010,536,383.71 DOGE
Market Trends
In the past 24 hours, the price of Dogecoin has fluctuated significantly. It reached a high of $0.2652225500811 and a low of $0.2498345617493 before settling at its current level.
The current downtrend is part of a broader market correction that has affected the entire cryptocurrency industry. Bitcoin (BTC), the largest cryptocurrency by market capitalization, has also experienced a price decline.
Technical Analysis
Technical analysis indicates that DOGE is currently in a bearish trend. The Moving Averages (MA) show a negative slope, with the 50-day MA below the 200-day MA.
The Relative Strength Index (RSI) is at 35.58, indicating that DOGE is currently in the oversold zone. This suggests that the price may bounce back in the short term.
Conclusion
The price of Dogecoin has been on a downward trend in the past 24 hours. This is part of a broader market correction that has affected the entire cryptocurrency industry. Technical analysis indicates that DOGE is currently in a bearish trend, but the oversold RSI suggests that a short-term bounce-back may be possible.