The latest price of Dogecoin at 12:00 on December 06, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update and Market Analysis (December 6, 2024)

As of December 6, 2024, at 12:00 PM, the live Dogecoin (DOGE) price stands at $0.43632978073052. The 24-hour trading volume for DOGE is $12,566,627,623.46.

Price Movement

Over the past 24 hours, the price of Dogecoin has seen a decline of -0.76268069%. This marks a downward trend for the cryptocurrency.

Market Data

• Circulating Supply: 147,082,306,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147,082,306,383.71 DOGE
• Market Cap: $64,176,390,493.741

Analysis

The current price movement of Dogecoin suggests a possible correction after a period of upward momentum. The cryptocurrency has been gaining popularity in recent months due to increased retail interest and celebrity endorsements. However, the recent decline could indicate a period of consolidation or profit-taking by investors.

Technical analysis shows that the DOGE/USD pair has formed a bearish engulfing pattern on the daily chart, which could signal further price declines. Additionally, the relative strength index (RSI) is currently in the overbought zone, indicating that the market may be due for a pullback.

Conclusion

While the short-term price trend for Dogecoin appears uncertain, the cryptocurrency remains well-supported by a strong community and positive fundamentals. Investors should monitor the market closely and consider their risk tolerance before making any trading decisions.