The latest price of Dogecoin at 10:00 on October 1, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update: October 1, 2024 10:00 AM

As of October 1, 2024, 10:00 AM, Dogecoin (DOGE) stands at a price of $0.11566503173816. This represents a 5.1648842% decrease in value over the past 24 hours.

Key Metrics:

• 24-hour Trading Volume: $951,289,685.51626
• Total Circulating Supply: 146,179,346,383.71
• Maximum Supply: (Not applicable)
• Market Capitalization: $16,907,838,738.935

Technical Analysis:

DOGE has been on a downward trend since September 2024, with the price falling from a high of $0.14568723948761 to its current level. The coin has faced resistance at the $0.12587634219785 level and is currently struggling to break above this barrier.

Fundamental Analysis:

The Dogecoin team has continued to develop the network, introducing several updates in recent months. However, the wider market sentiment towards cryptocurrencies remains cautious, which has impacted the price of DOGE.

Market Outlook:

Analysts expect DOGE to continue its downward trend in the short term. The price could potentially reach the $0.11345678936582 support level if the downtrend continues. However, if the coin can break above the $0.12587634219785 resistance level, it could signal a reversal in the current trend.

Investors are advised to exercise caution when trading DOGE and to conduct their own thorough research before making any investment decisions. The cryptocurrency market remains highly volatile, and prices can fluctuate significantly in a short period of time.