The latest price of Dogecoin at 07:00 on October 12, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis and Market Performance

As of October 12, 2024, 07:00 AM, the price of Dogecoin (DOGE) is $0.11101503616758, exhibiting a 4.69641455% increase over the last 24 hours. The current trading volume stands at $647,632,809.77065.

Key Metrics:

• Circulating Supply: 146,327,816,383.71 DOGE
• Max Supply: N/A
• Total Supply: 146,327,816,383.71 DOGE
• Market Capitalization: $16,244,587,828.16

Market Overview:

The overall cryptocurrency market has experienced a slight upward trend in the past 24 hours, with Bitcoin (BTC) and Ethereum (ETH) also showing gains. The positive market sentiment has contributed to the rise in DOGE's price.

Technical Analysis:

• Support Levels: $0.108, $0.105, $0.102
• Resistance Levels: $0.115, $0.118, $0.121

Technically, DOGE is facing resistance at the $0.115 level. If the price can break through this resistance, it could potentially rally further towards the $0.118 and $0.121 levels. Alternatively, if the price falls below the $0.108 support level, it could indicate a pullback in the short term.

Conclusion:

The recent surge in DOGE's price is a reflection of the overall positive sentiment in the cryptocurrency market. The technical analysis suggests that DOGE has potential for further growth if it can break through the resistance levels. However, investors should be aware of the volatility associated with cryptocurrency markets and proceed with caution.