The latest price of Dogecoin at 09:00 on October 5, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: October 5, 2024, 09:00 AM

As of October 5, 2024, 09:00 AM UTC, Dogecoin (DOGE) is trading at $0.10953390433668, reflecting a 24-hour trading volume of $662,261,820.71554. Over the past 24 hours, the price of DOGE has experienced an increase of 2.9484259%.

Key Statistics:

• Circulating Supply: 146,233,456,383.71
• Maximum Supply: N/A
• Total Supply: 146,233,456,383.71
• Market Cap: $16,017,521,422.355

Market Overview:

Dogecoin has been on an upward trajectory over the past few days. The recent price increase is believed to be driven by a combination of factors, including increased investor interest and anticipation of upcoming developments within the DOGE ecosystem.

Technical Analysis:

From a technical perspective, DOGE is facing resistance at $0.11 and support at $0.105. A breakout above $0.11 could indicate further upward momentum, while a drop below $0.105 could signal a downward reversal. The 50-day moving average is currently at $0.106, suggesting a potential swing point for the asset.

Conclusion:

Dogecoin's recent price rally suggests that investors remain optimistic about the future of the digital asset. While volatility is always present in the cryptocurrency market, DOGE's fundamentals and technical indicators point to a potential continuation of its positive trend. Investors should exercise caution and conduct thorough research before making any trading decisions.