The latest price of Dogecoin at 09:00 on September 7, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update

As of September 7, 2024, at 09:00 AM, Dogecoin (DOGE) is trading at $0.091926824288468. The 24-hour trading volume is $802,907,587.28636. DOGE has witnessed a price decrease of -6.78984602% over the last 24 hours.

Key Statistics:

• Circulating Supply: 145,850,856,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 145,850,856,383.71 DOGE
• Market Capitalization: $13,407,606,047.107

Market Analysis:

Dogecoin's price has been on a downtrend recently. Despite its strong performance earlier in the year, DOGE has faced selling pressure in recent weeks. Investors are cautious about the upcoming change in the cryptocurrency landscape, including increased regulatory scrutiny and competition from other meme coins.

Technical Analysis:

The technical indicators for DOGE suggest a continuation of the bearish trend. The Relative Strength Index (RSI) is below 50, indicating that bears have the upper hand. The Simple Moving Average (SMA) of the 200-day period is acting as a significant resistance level for the price.

Conclusion:

Dogecoin's price has been declining in the past 24 hours. The overall market sentiment is bearish, and technical indicators suggest a continuation of the downtrend. Investors should exercise caution when investing in DOGE and monitor the market for further price fluctuations.