The latest price of Dogecoin at 01:00 on December 04, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: DOGE Dips Beneath $0.42, May Eye Further Losses

As of December 4, 2024, at 1:00 AM, the live price of Dogecoin (DOGE) stands at $0.41432247790581. The 24-hour trading volume of DOGE is $10278732667.043.

Price Movement

Over the last 24 hours, the price of DOGE has experienced a downward trend, registering a decrease of -3.59470145%. This dip has pushed DOGE beneath the $0.42 support level.

Technical Indicators

• Relative Strength Index (RSI): The RSI for DOGE is currently at 38.43, indicating that the cryptocurrency is in a neutral zone.
• Moving Average Convergence Divergence (MACD): The MACD line has crossed below the signal line, suggesting a potential sell signal.
• Bollinger Bands: The Bollinger Bands are currently wide, with DOGE trading close to the lower band. This suggests that a further decline in price could be possible.

Supply and Circulation

The current circulating supply of DOGE is 147,043,846,383.71. The maximum supply of DOGE is not specified, while the total supply is also 147,043,846,383.71. The circulating market cap of DOGE is $60,923,570,794.498.

Conclusion

The recent price drop of Dogecoin has pushed the cryptocurrency beneath a key support level. Technical indicators suggest that a further decline could be on the horizon. However, it is important to note that the cryptocurrency market is highly volatile, and it is possible that DOGE could recover in the near term.