The latest price of Dogecoin at 10:00 on August 28, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: August 28, 2024

At 10:00 am on August 28, 2024, Dogecoin (DOGE) was trading at $0.098849444365868. The 24-hour trading volume was $647,817,111.29502. Dogecoin's price had declined by -6.84888186% in the previous 24 hours.

Key Metrics of Dogecoin (DOGE)

• Circulating Supply: 145,714,606,383.71
• Maximum Supply: N/A
• Total Supply: 145,714,606,383.71
• Market Capitalization: $14,403,807,877.02

Technical Analysis

The technical analysis of Dogecoin's price chart shows a downtrend in recent times. The price has been below the 50-day moving average for the past few weeks, indicating bearish sentiment in the market. Resistance levels are present at $0.10 and $0.12, while support levels can be found at $0.095 and $0.08.

Market Outlook

The outlook for Dogecoin remains uncertain. The cryptocurrency is still heavily influenced by speculative trading, and its price can fluctuate significantly in response to news events or sentiment shifts. The recent decline in price suggests that investors may be cautious about the asset's long-term prospects.

Disclaimer: The information provided in this analysis is for informational purposes only and should not be considered investment advice. Investors should always conduct their own due diligence before making any financial decisions.