(24-hour Dogecoin price trend)
Dogecoin Price Analysis: DOGE Faces Resistance at $0.254
As of 00:00 on February 13, 2025, Dogecoin (DOGE) is trading at $0.2545576433531, with a 24-hour trading volume of $1,709,322,322.3354. The price of DOGE has decreased by -1.88707131% in the last 24 hours.
Key metrics for Dogecoin:
- Circulating supply: 148016496383.71
- Maximum supply: Unavailable
- Total supply: 148016496383.71
- Market cap: $376,787,304,968.19
Price Action and Technical Analysis
DOGE has been facing resistance at the $0.255 level for the past few days. The price has attempted to break through this resistance level several times, but has been rejected each time.
On the daily chart, DOGE is forming a descending triangle pattern. This pattern is bearish and indicates that the price is likely to continue to fall in the short term.
The relative strength index (RSI) is currently at 50.54, which indicates that DOGE is in a neutral position. The moving average convergence divergence (MACD) is also bearish, with the MACD line below the signal line.
Key Levels to Watch
The key support level for DOGE is at $0.250. If DOGE falls below this level, it could drop to $0.245 or even $0.240.
The key resistance level for DOGE is at $0.255. If DOGE can break through this level, it could rise to $0.260 or even $0.265.
Overall Sentiment
The overall sentiment for DOGE is currently neutral. Some analysts believe that DOGE is undervalued and has the potential to rise in the long term. However, other analysts believe that DOGE is overvalued and is likely to continue to fall in the short term.