The latest price of Dogecoin at 00:00 on January 6, 2025

(24-hour Dogecoin price trend)

Dogecoin: Steady Rise Despite Market Volatility

As of January 6, 2025, 00:00 UTC, Dogecoin (DOGE) is valued at $0.38356553980581, with a 24-hour trading volume of $3098392146.4226. The price of DOGE has experienced a 0.88183885% increase over the last 24 hours.

Dogecoin's supply metrics include:

• Circulating Supply: 147498846383.71
• Maximum Supply: Not applicable
• Total Supply: 147498846383.71
• Market Cap: $56575474633.901

Technical Analysis

DOGE/USD has been trading within a range of $0.375 to $0.39 over the past few days, indicating consolidation after a recent price surge. The Relative Strength Index (RSI) is currently at 57, suggesting a slight overbought condition but still room for further upward movement.

Market Sentiment

The overall sentiment for Dogecoin remains positive, primarily due to its strong community support and association with the cryptocurrency market's broader bullish trend. However, it's important to note that the cryptocurrency market can be highly volatile, and investors should exercise caution when making investment decisions.

Key Insights

• Dogecoin has shown resilience in the face of recent market volatility, maintaining its upward momentum.
• The current price consolidation may provide an opportunity for traders to enter or exit positions.
• The market cap of Dogecoin has surpassed $56 billion, making it one of the largest cryptocurrencies by market capitalization.
• Investors should conduct thorough research and understand the risks associated with cryptocurrency investments before making any decisions.