The latest price of Dogecoin at 06:00 on October 23, 2024

(24-hour Dogecoin price trend)

Dogecoin Updates: Latest Price and Market Performance

October 23, 2024, 06:00 AM

The current price of Dogecoin (DOGE) is $0.13997790384411, with a 24-hour trading volume of $1,643,039,397.1948. In the past 24 hours, the price of Dogecoin has fluctuated by -2.75634437%.

Key Market Indicators:

• Circulating Supply: 146,477,876,383.71
• Maximum Supply: N/A
• Total Supply: 146,477,876,383.71
• Market Cap: $20,503,666,095.728

Market Analysis:

Dogecoin has experienced moderate volatility in the past 24 hours, with a downward trend in the price. This movement aligns with the broader bearish sentiment seen in the cryptocurrency market. However, Dogecoin has maintained its position as one of the top 10 cryptocurrencies by market capitalization.

Factors Influencing Price Action:

• General market sentiment: The overall sentiment in the cryptocurrency market has been negative recently, which has impacted Dogecoin's price.
• News and developments: No significant Dogecoin-specific news or developments have emerged in the past 24 hours.
• Technical analysis: From a technical standpoint, Dogecoin is currently testing a key support level near $0.14. A break below this level could trigger a further decline in the price.

Outlook:

While the short-term outlook for Dogecoin remains uncertain, the long-term prospects for the cryptocurrency remain positive. DOGE has a strong community, and its popularity as a payment and investment vehicle continues to grow.