The latest price of Dogecoin at 07:00 on October 19, 2024

(24-hour Dogecoin price trend)

Dogecoin Surges in Price, Up 7.18% in the Past 24 Hours

As of October 19, 2024, at 7:00 AM, the live price of Dogecoin (DOGE) stands at $0.13776450471377, with a 24-hour trading volume of $2,238,312,466.6162. Over the past day, the price of Dogecoin has witnessed a significant increase of 7.17957511%.

Key Metrics

• Circulating Supply: 146,423,806,383.71
• Maximum Supply: N/A
• Total Supply: 146,423,806,383.71
• Market Cap: $20,172,003,164.756

Market Dynamics

The recent surge in Dogecoin's price can be attributed to several factors, including increased demand from cryptocurrency enthusiasts and investors. Dogecoin's low price and accessibility have made it appealing to a wide range of individuals looking for an entry point into the crypto market.

Furthermore, the positive sentiment surrounding the larger cryptocurrency market has had a spillover effect on Dogecoin. The recent recovery in Bitcoin's price has boosted investor confidence and led to increased interest in alternative cryptocurrencies.

Technical Analysis

From a technical perspective, Dogecoin's price action suggests a bullish trend. The coin has been consolidating above its key support level of $0.12 for the past few weeks, indicating a strong underlying bullish momentum.

The recent breakout above $0.135 suggests that the uptrend is likely to continue in the short term. Resistance lies at the $0.14 level, and a break above this level could trigger further gains towards $0.15.

Outlook

The overall outlook for Dogecoin remains positive. The coin has gained significant traction in recent months, and the fundamental and technical factors support further price appreciation. However, it's important to note that the cryptocurrency market is volatile, and investors should exercise caution and conduct thorough research before making investment decisions.