The latest price of Dogecoin at 06:00 on September 12, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of September 12, 2024, 6 AM UTC, Dogecoin (DOGE) is trading at $0.10124669535228. The 24-hour trading volume for DOGE currently stands at $528,389,616.1812.

Over the past 24 hours, DOGE has experienced a price decline of 1.45041627%.

Key Metrics

• Circulating Supply: 145,917,336,383.71
• Maximum Supply: Not available
• Total Supply: 145,917,336,383.71
• Market Cap: $14,773,648,103.458

Market Analysis

DOGE's price movements have been relatively volatile in recent months, following the broader market trends. The cryptocurrency market as a whole has experienced a corrective period in 2024, leading to a decline in the prices of most major coins.

The current price action for DOGE suggests that it may be in a consolidation phase. The 24-hour price range has been relatively narrow, indicating that traders may be waiting for a clear trend to emerge before making significant moves.

Technical Analysis

On the technical analysis front, DOGE is currently trading below its major moving averages, such as the 50-day and 200-day MA. This indicates that the overall trend for DOGE is still bearish.

However, if DOGE can reclaim the $0.105 level, it could potentially signal a reversal in the trend. A move above this resistance level could lead to a bullish breakout and further price gains.

Conclusion

While DOGE's recent price decline has caused some concern among investors, the cryptocurrency remains popular among retail traders and enthusiasts. The market conditions are still evolving, and it is important to monitor DOGE's price action closely for any potential changes in trend.