The latest price of Dogecoin at 02:00 on September 14, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of September 14, 2024, 02:00 AM, the current Dogecoin (DOGE) price is $0.1071811277737, with a 24-hour trading volume of $650,062,421.03208. Over the past 24 hours, Dogecoin has witnessed a remarkable surge of 5.06325997% in its value.

Circulation and Supply

Bitcoin's current circulating supply stands at 145,942,056,383.71, while Dogecoin does not have a specified maximum supply. The total supply of Dogecoin is also 145,942,056,383.71, resulting in a circulating market capitalization of $15,642,234,192.818.

Performance Analysis

Dogecoin has experienced significant volatility over the past few weeks. Its current price movement indicates a bullish trend, with investors expressing optimism towards the cryptocurrency's future prospects. Factors contributing to this positive sentiment include the growing adoption of DOGE for online payments and its perceived value as a digital asset.

Technical Indicator Analysis

Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) suggest that Dogecoin is currently in an uptrend. The RSI is above the 50 level, indicating bullish momentum, while the MACD is displaying a positive crossover, which further confirms the bullish sentiment.

Conclusion

Dogecoin's recent price surge reflects growing interest and belief in its potential as a viable digital asset. While market conditions can always fluctuate, the current technical indicators and market sentiment suggest that DOGE is poised for further upward movement in the near term. Investors should exercise caution, however, as the cryptocurrency market remains volatile and prone to sudden price swings.