February 12, 2025 at 16:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin Price Update: DOGE Dips Amid Broader Market Decline

As of February 12, 2025, 4:00 PM UTC, Dogecoin (DOGE) is trading at $0.25440829141113, registering a 24-hour trading volume of $1453080205.6374. Over the past 24 hours, DOGE has experienced a decline of -4.37532324%.

Supply Metrics:

• Bitcoin Circulating Supply: 148012156383.71
• Dogecoin Circulating Supply: 148012156383.71
• Dogecoin Max Supply: Not applicable
• Dogecoin Total Supply: 148012156383.71

Market Performance:

The recent price decline in Dogecoin aligns with a broader market correction in the cryptocurrency space. The overall market sentiment remains cautious, with investors taking a wait-and-see approach in the face of ongoing uncertainty and regulatory pressures.

Key Technical Indicators:

Technical analysis suggests that Dogecoin is trading below its key moving averages, including the 200-day moving average (MA) and the 50-day MA. Momentum indicators, such as the Relative Strength Index (RSI) and the Stochastic Oscillator, are also indicating oversold conditions.

Industry News:

• Tesla CEO Elon Musk, a prominent supporter of Dogecoin, recently announced that the electric car company will no longer accept DOGE as payment for its products. This news weighs on the sentiment for DOGE and reflects the volatility of the cryptocurrency market.
• The Dogecoin development team continues to work on improving the underlying technology and expanding its ecosystem. However, major updates or developments are not expected in the near term.

Investor Outlook:

The current price action in Dogecoin highlights the ongoing volatility and unpredictability of the cryptocurrency market. Investors should proceed with caution and consider their risk tolerance before making any investment decisions.