The latest price of Dogecoin at 06:00 on August 3, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Market Overview

August 3, 2024, 6:00 AM

Dogecoin (DOGE) continues to trade in a narrow range, as the cryptocurrency market consolidates following recent volatility. As of August 3, 2024, 6:00 AM, DOGE is trading at $0.11195274435463, down 5.08067904% over the past 24 hours.

Market Statistics

• Current Price: $0.11195274435463
• 24-Hour Trading Volume: $828,905,339.15668
• Price Change (24-Hour): -5.08067904%
• Circulating Supply: 145,372,866,383.71
• Max Supply: None
• Total Supply: 145,372,866,383.71
• Market Cap: $16,274,891,346.354

Price Movement and Analysis

Over the past 24 hours, DOGE has traded between $0.11138063782558 and $0.11645591987327. The cryptocurrency failed to break above the immediate resistance level near $0.115, leading to a pullback in price.

From a technical analysis perspective, DOGE is trading below its 50-day moving average (MA) of $0.11503030612549. This suggests that the short-term trend is bearish for DOGE. Additionally, the Relative Strength Index (RSI) is at 48.94, indicating that DOGE is neither overbought nor oversold.

Key Levels to Watch

• Support: $0.11, $0.105
• Resistance: $0.115, $0.12

Market Outlook

The direction of DOGE's price in the short-term will likely depend on the performance of the broader cryptocurrency market. If Bitcoin and Ethereum continue to consolidate, DOGE may follow suit. However, should the market turn bullish, DOGE could potentially break above the $0.115 resistance level and test higher levels.