The latest price of Dogecoin at 01:00 on December 27, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: DOGE Declines by -4.84520141%

As of December 27, 2024, 01:00 AM UTC, the live Dogecoin (DOGE) price stands at $0.31299096734392. In the past 24 hours, the trading volume has reached $2503887859.9721, indicating active trading activity. However, the DOGE price has experienced a decrease of -4.84520141%.

Key Metrics:

• Circulating supply: 147363316383.71 DOGE
• Maximum supply: N/A
• Total supply: 147363316383.71 DOGE
• Market capitalization: $46123386945.945

Market Sentiment:

Overall, the market sentiment towards Dogecoin is mixed. While some analysts remain optimistic about its long-term potential, others are cautious about its short-term price movements.

Technical Analysis:

Based on technical analysis, Dogecoin is currently facing a key support level at $0.30. If this level is breached, it could trigger further downward pressure on the price. However, a break above the resistance level of $0.32 could push DOGE higher.

Related Considerations:

• Dogecoin's popularity and recognition as a "meme coin" among retail investors continue to influence its price movements.
• The overall crypto market sentiment and broader economic factors can also impact DOGE's performance.
• Investors should conduct thorough research and exercise caution before making any investment decisions involving Dogecoin.