February 02, 2025 at 01:00 Dogecoin's latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Downward Trend Persists

As of February 22, 2023, 01:00 AM, the latest price of Dogecoin (DOGE) stood at $0.32262606180405. Within the past 24 hours, its trading volume reached $1326246029.1812. Compared to the previous day, the price of DOGE has experienced a decline of -4.12370165%.

Key Statistics:

• Circulating Supply: 147867416383.71
• Maximum Supply: N/A
• Total Supply: 147867416383.71
• Market Capitalization: $47705882217.015

Market Analysis:

Over the past 24 hours, Dogecoin has lost value. This decline aligns with the broader trend in the cryptocurrency market, which has seen a general pullback in recent weeks. The negative sentiment surrounding the market has contributed to this downward movement.

Despite its recent decline, Dogecoin remains a popular cryptocurrency among retail investors and supporters. Its community remains enthusiastic about the coin's potential and continues to promote its adoption.

Technical Outlook:

From a technical perspective, Dogecoin's price action suggests that a bearish trend may be emerging. Key technical indicators, such as the RSI and MACD, point towards a continuation of the downtrend in the short term. Support levels around $0.30 may be tested, while resistance is likely to be encountered around $0.35.

Disclaimer:

This price analysis is for informational purposes only and should not be construed as financial advice. Cryptocurrency prices are volatile and can fluctuate rapidly. It is important for investors to conduct their own research and make informed investment decisions.