The latest price of Dogecoin at 12:00 on January 24, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: January 24, 2025

As of 11:00 AM UTC on January 24, 2025, the price of Dogecoin (DOGE) stands at $0.34799062537415. This represents a decrease of -1.31564165% in the past 24 hours.

The 24-hour trading volume for DOGE is $3048541258.2914. This indicates a high level of market activity and liquidity for the cryptocurrency.

Key Metrics:

• Current price: $0.34799062537415
• 24-hour change: -1.31564165%
• 24-hour trading volume: $3048541258.2914
• Circulating supply: 147750796383.71
• Maximum supply: N/A
• Total supply: 147750796383.71
• Market capitalization: $51415892033.095

Market Conditions:

The overall cryptocurrency market sentiment has been bullish in recent weeks, with most major digital assets experiencing price gains. Bitcoin, the largest cryptocurrency by market capitalization, has been leading the rally and has recently crossed the $30,000 mark.

Dogecoin has also benefited from the positive market conditions and has seen its price rise steadily over the past few months. However, the recent dip in the market appears to have had a slight impact on DOGE's price.

Technical Analysis:

The technical analysis for DOGE shows that the cryptocurrency is currently in a bullish trend. The moving averages are trending up, and the relative strength index (RSI) is above 50, indicating positive momentum.

However, it is important to note that the recent dip in price may have created a resistance level at around $0.35. If DOGE fails to break above this level, it could potentially experience further downside pressure.

Overall Outlook:

The overall outlook for DOGE remains positive. The long-term trend is still bullish, and the cryptocurrency is expected to continue to perform well in the medium to long term.

However, it is important to be aware of the potential downside risks and to trade cautiously in the short term. Investors should monitor market conditions and technical indicators closely to make informed trading decisions.