February 9, 2025 at 02:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin Price Analysis

February 9, 2025, 02:00 AM

Dogecoin (DOGE) currently trades at $0.25225296895137, with a 24-hour trading volume of $1268310306.0174. DOGE's price has experienced a moderate decline of -0.22358613% in the past 24 hours.

Key Metrics:

• Circulating Supply: 147963566383.71
• Maximum Supply: Not applicable
• Total Supply: 147963566383.71
• Market Capitalization: $37324248916.923

Current Market Status:

Dogecoin's price has been exhibiting sideways movement within a narrow range over the past few days. The asset faces resistance at the $0.26 price level and support around $0.24.

Technical indicators suggest that DOGE may experience further consolidation in the short term. The moving average convergence divergence (MACD) indicator shows a neutral trend, while the relative strength index (RSI) hovers around the 50 level.

Outlook:

The future of Dogecoin remains uncertain. The asset's price has been highly volatile in the past, and it is difficult to predict its future trajectory with certainty. However, as with most cryptocurrencies, DOGE's performance is likely to be influenced by factors such as overall market sentiment, regulatory developments, and technological advancements.

Investors should approach Dogecoin with caution and conduct thorough research before making any investment decisions. As with any cryptocurrency, the value of DOGE could fluctuate wildly, and investors should only invest what they can afford to lose.