The latest price of Dogecoin at 06:00 on August 10, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: A Detailed Overview

As of August 10, 2024, at 06:00 UTC, Dogecoin (DOGE) is trading at $0.10421722241014 with a 24-hour trading volume of $664,979,367.29655.

Recent Price Movement

Over the past 24 hours, Dogecoin's price has experienced a decrease of -0.10527788%. This fluctuation suggests a slight downward trend in the market.

Key Market Statistics

• Circulating Supply: 145,467,446,383.71 DOGE
• Max Supply: Unlimited
• Total Supply: 145,467,446,383.71 DOGE
• Market Cap: $15,160,213,213.205

Technical Analysis

Dogecoin's recent price movement can be attributed to the following technical factors:

• Support: At the time of writing, Dogecoin is facing support at $0.10417268093482.
• Resistance: The resistance level for DOGE is currently at $0.10435930416664.

Long-Term Outlook

Despite the recent price decline, Dogecoin has maintained a long-term positive trend. The coin has enjoyed significant growth in recent months and is expected to continue its upward momentum in the future.

Trader Sentiment

Market sentiment towards Dogecoin is generally positive. Many traders believe that DOGE has the potential to reach even higher prices in the coming months. However, it is important to note that the cryptocurrency market is highly volatile, and it is crucial to invest cautiously.

Disclaimer: This article is for informational purposes only and should not be taken as financial advice. Always do your own research before investing in any cryptocurrency.