The latest price of Dogecoin at 01:00 on October 25, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Uptrend Continues

As of October 25, 2024, 01:00 AM, Dogecoin (DOGE) is trading at $0.14017052169875 with a 24-hour trading volume of $1441950677.3026. DOGE's price has experienced an increase of 2.2180003% over the past 24 hours, signaling a bullish trend.

Key Metrics

• Bitcoin supply in circulation: 146502666383.71

• Dogecoin supply:

  • Maximum supply: Unlimited
  • Total supply: 146502666383.71
  • Circulating supply: 146502666383.71
• Dogecoin market capitalization: $20535355177.262

Chart Analysis

DOGE's price movement over the past 24 hours can be characterized by a steady upward trend. The coin opened the day at $0.1372 and quickly climbed above the $0.14 mark. It briefly tested the $0.142 level before consolidating slightly.

The relative strength index (RSI) is currently at 62.94, indicating that DOGE is slightly overbought but still within a healthy range. The moving average convergence divergence (MACD) is also showing bullish momentum, with the MACD line crossing above the signal line and the histogram bars turning green.

Outlook

The technical indicators suggest that the bullish trend for Dogecoin is likely to continue in the near term. The coin has broken out of a previous resistance level and is now facing limited resistance above. The next potential target price for DOGE is $0.145.

However, it is important to note that cryptocurrency markets are highly volatile, and sudden reversals can occur without warning. Investors should always conduct thorough research and exercise caution when trading cryptocurrencies.