The latest price of Dogecoin at 00:00 on October 11, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

At 12:00 AM UTC on October 11, 2024, Dogecoin (DOGE) was trading at $0.10550149375188. The 24-hour trading volume was $733,602,690.81393, indicating significant activity in the market.

Recent Price Movements

Over the past 24 hours, DOGE has experienced a decline of -3.82159489% in its value. This correction follows a period of positive price action, where the cryptocurrency had been showing signs of recovery.

Supply and Market Cap

Dogecoin has a circulating supply of 146,310,256,383.71 DOGE. There is no maximum supply limit or total supply defined for DOGE. The cryptocurrency's market capitalization currently stands at $15,435,950,599.701, making it one of the top-performing cryptocurrencies by market value.

Technical Indicators

Technical indicators suggest that DOGE is currently in a bearish trend. The Relative Strength Index (RSI) is below 50, indicating oversold conditions. The Stochastic oscillator is also in a bearish zone, further supporting this sentiment.

Market Outlook

The ongoing market correction has affected DOGE's price, although the cryptocurrency remains resilient compared to other altcoins. The future of DOGE depends on various factors, including market sentiment, exchange listings, and community support. If positive developments continue, DOGE could potentially recover and continue its upward trajectory. However, investors should exercise caution and conduct thorough research before making any investment decisions.