The latest price of Dogecoin at 06:00 on November 05, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Uptrend Remains Intact

As of November 5, 2024, at 06:00 AM, Dogecoin (DOGE) was trading at $0.15254684147341, with a 24-hour trading volume of $2,438,567,830.4841. The price of DOGE has increased by 0.45342089% in the last 24 hours.

Key Metrics:

• Circulating Supply: 146,655,856,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 146,655,856,383.71 DOGE
• Market Cap: $22,371,887,674.913

Market Performance:

Dogecoin has experienced a steady uptrend in recent weeks, with its price rising approximately 20% since the beginning of October 2024. The current price action suggests that the bullish momentum is still intact.

Volume and Volatility:

The 24-hour trading volume for DOGE is relatively high, indicating active participation in the market. The price volatility of DOGE remains moderate, with the Bollinger Bands indicator showing a contracting range.

Technical Analysis:

The technical indicators for DOGE are mostly positive. The Relative Strength Index (RSI) is above 50, indicating that the coin is in a bullish zone. The Moving Average Convergence Divergence (MACD) shows upward momentum, and the Exponential Moving Average (EMA) lines are sloping upwards, indicating a potential uptrend.

Outlook:

Based on the current price action and technical analysis, the outlook for Dogecoin remains positive. The coin is expected to continue its uptrend in the short term, with potential resistance levels at $0.16 and $0.17. However, investors should exercise caution and monitor market developments closely.