February 16, 2025 at 17:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of February 16, 2025, at 5:00 PM, the live Dogecoin (DOGE) price is $0.27096632690611. The 24-hour trading volume for DOGE is $1,278,457,046.5572. Dogecoin's price has decreased by -2.70041733% in the past 24 hours.

Key Metrics

• Circulating Supply: 148,067,816,383.71
• Maximum Supply: No maximum supply
• Total Supply: 148,067,816,383.71
• Market Capitalization: $40,121,392,338.502

In-depth Analysis

Dogecoin's price has faced downward pressure in recent times. The overall market sentiment has been bearish, with many major cryptocurrencies, including Bitcoin, experiencing price declines.

Technical indicators suggest that DOGE may continue to face headwinds in the short term. The Relative Strength Index (RSI) is below 50, indicating that the market may be oversold. The Moving Average Convergence Divergence (MACD) line is below the signal line, further indicating a bearish bias.

However, Dogecoin has a strong community following and has received positive news recently. Tesla CEO Elon Musk, who is a vocal supporter of DOGE, recently hinted that the meme coin may be accepted as payment for Tesla merchandise. This has boosted DOGE's popularity and could potentially drive its price higher in the long run.

Disclaimer: This is not financial advice and should not be taken as an endorsement of any cryptocurrencies. Always do your own research before investing in any cryptocurrency.