February 02, 2025 at 07:00 Dogecoin's latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of February 2, 2025, 7:00 AM, Dogecoin's (DOGE) latest price stands at $0.30491083301726. Its 24-hour trading volume is $1,491,595,904.8869. Over the past 24 hours, Dogecoin's value has decreased by 7.47955611%.

Key Metrics

• Circulating Supply: 147,870,856,383.71
• Maximum Supply: N/A
• Total Supply: 147,870,856,383.71
• Market Capitalization: $45,087,425,998.93

Technical Indicators

Currently, Dogecoin's Bollinger Bands are diverging, indicating a potential break in either direction. The Relative Strength Index (RSI) is at 40.55, suggesting that DOGE is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) line is below the signal line, indicating a bearish trend.

Market Outlook

Dogecoin's price has been experiencing a downtrend since reaching its recent high of $0.3675 on January 20th. The current drop is likely a correction following the market-wide rally in January. Technical indicators suggest that DOGE could continue to decline in the short term.

However, Dogecoin's long-term outlook remains bullish. The increased adoption and utility of DOGE, including its acceptance as payment by major companies such as Tesla and AMC Theatres, support its long-term growth potential.

Disclaimer:

This analysis is based on available data and market conditions. Cryptocurrency prices are highly volatile and can fluctuate significantly in a short period of time. Please conduct your own research and consult with a financial advisor before making any investment decisions.