The latest price of Dogecoin at 00:00 on October 16, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Price Analysis and Market Overview

As of October 16, 2024, 00:00 UTC, Dogecoin (DOGE) is trading at $0.11282383056463, with a 24-hour trading volume of $1,247,182,995.8489. The price of DOGE has experienced a -2.61225423% change over the past 24 hours.

Key Market Statistics:

• Circulating Supply: 146,378,196,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 146,378,196,383.71 DOGE
• Market Capitalization: $16,514,948,827.151

Price Movement:

The past 24 hours have seen a decline in the price of DOGE, amounting to -2.61225423%. This negative price movement is in line with the broader cryptocurrency market trend, which has also experienced a pullback recently.

Market Sentiment:

Sentiment towards DOGE remains mixed, with some analysts expressing optimism about its long-term growth prospects. However, the recent price decline has raised concerns among some investors.

Technical Analysis:

Technical analysis of DOGE indicates that the cryptocurrency is currently facing resistance at the $0.12 level. Support is found at $0.10, which has been tested multiple times in recent weeks.

Conclusion:

Dogecoin's recent price decline is a reminder of the volatility associated with cryptocurrency trading. While the long-term outlook for DOGE remains positive, investors should be aware of the risks involved and invest accordingly.