The latest price of Dogecoin at 01:00 on December 18, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE): Price Analysis and Market Overview

As of December 18, 2024, 01:00 AM UTC, Dogecoin (DOGE) is trading at $0.40187191726242, with a 24-hour trading volume of $3,753,351,137.4924. The price has experienced a decline of -2.62583034% in the past 24 hours.

Key Metrics:

• Circulating Supply: 147,240,456,383.71
• Maximum Supply: Unlimited
• Total Supply: 147,240,456,383.71
• Market Cap: $59,171,804,505.513

Recent Price Performance:

Dogecoin's price has been volatile in the past 24 hours, witnessing both upward and downward fluctuations. The current price of $0.40187191726242 reflects a decrease from its previous high of $0.41578405363326 yesterday.

Market Outlook:

The crypto market has been experiencing mixed sentiments in the past few weeks. While some assets like Bitcoin and Ethereum have shown resilience, others, including Dogecoin, have faced downward pressure. Analysts attribute this volatility to factors such as the ongoing FTX collapse, macroeconomic uncertainties, and regulatory concerns.

Technical Analysis:

Based on technical analysis, Dogecoin is currently trading below its 50-day and 200-day moving averages, indicating a bearish trend. The Bollinger Bands are also narrow, suggesting low volatility and potential consolidation ahead.

Conclusion:

Dogecoin's price remains subject to market fluctuations and external factors. While the current price action is trending downwards, it is important to remember that cryptocurrencies are highly speculative, and future price movements are uncertain. Investors should exercise caution and conduct thorough research before making any investment decisions.