The latest price of Dogecoin at 09:00 on October 2, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Rally Fizzles as Market Sentiment Turns Bearish

As of October 2, 2024, at 9:00 AM UTC, the price of Dogecoin (DOGE) stood at $0.10738948295249, reflecting a 7.15665339% decline over the past 24 hours.

The 24-hour trading volume for DOGE reached $1315085248.0662, indicating significant market activity. The token's rise in the past few weeks has been met with resistance, leading to a pullback in its price.

The total supply of DOGE remains at 146192256383.71, of which 146192256383.71 coins are in circulation. The total market capitalization for DOGE stands at $15699510824.704.

Analysts attribute the recent decline in DOGE's price to a broader bearish sentiment in the cryptocurrency market. As investors seek safe havens, they have been withdrawing funds from riskier assets like DOGE, which are highly volatile.

The price action of DOGE indicates that buyers are struggling to sustain the rally that pushed the token above $0.11 over the weekend. A break below the $0.10 support level could trigger further selling pressure.

Traders should exercise caution and monitor market trends closely before making any investment decisions. The cryptocurrency market remains highly volatile, and prices can move rapidly in either direction.