February 8, 2025 at 11:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin's Up and Down Journey: Price Analysis

On February 8, 2025, at 11:00 AM (UTC), Dogecoin's (DOGE) price stood at $0.24682304668344. The cryptocurrency's 24-hour trading volume amounted to a staggering $2041520467.4062.

However, amidst the recent market fluctuations, Dogecoin's price has witnessed a notable decline of -1.84481037% over the last 24 hours. This price movement reflects the wider market sentiment, which has been influenced by macroeconomic factors and industry-specific developments.

Technical Analysis

Analyzing Dogecoin's technical indicators provides insights into potential future price trends. The Relative Strength Index (RSI) currently sits at 45.36, suggesting that the coin is in a neutral zone. Meanwhile, the Moving Average Convergence Divergence (MACD) indicates a bearish crossover, with the MACD line falling below the signal line.

Supply and Market Cap

Dogecoin's circulating supply stands at approximately 147955106383.71. There is no maximum supply limit, and the total supply is also set at 147955106383.71. The circulating market capitalization for Dogecoin is $36518730129.998, making it one of the top 10 cryptocurrencies by market capitalization.

Conclusion

The cryptocurrency market remains highly volatile, and Dogecoin's price is no exception. The recent decline in its price reflects market conditions that are influenced by several factors. However, Dogecoin's strong community and its use as a payment option on various platforms provide resilience and potential for future growth. As the crypto landscape continues to evolve, it would be prudent to monitor market updates and professional advice before making any investment decisions.