The latest price of Dogecoin at 12:00 on November 27, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: 1 USD Barrier Resists as Inflows and Market Attention Diminish

As of November 27, 2024, at 12:00 UTC, Dogecoin (DOGE) trades at $0.38758555609192, with a 24-hour trading volume of $8691687104.8338. Dogecoin's price has declined by -4.69183017% over the past 24 hours.

关键指标

• Circulating supply: 146960016383.71
• Maximum supply: N/A
• Total supply: 146960016383.71
• Market cap: $56959579673.356

Technical Analysis

Dogecoin faces resistance at the $1 psychological barrier, hindering a potential rally. Moreover, waning fund inflows and dwindling market attention have led to a decline in the asset's bullish momentum.

The $0.32 area provides immediate support, while the 200-day Exponential Moving Average (EMA) near $0.35 could offer strong support in case of an extended sell-off. The Relative Strength Index (RSI) stands below 50, indicating bearish sentiment.

XRP Outlook and Correlation

XRP and its affiliated assets have exhibited a rise, which could foreshadow a future rebound for Dogecoin. However, traders should monitor key indicators such as the support at the trendline and the RSI to confirm the uptrend's validity.

Price Prediction

For the remainder of November, Dogecoin may face challenges in surpassing the $1 mark. Consolidation or a slight pullback is more likely, with support at $0.32 and resistance at $0.42.

Disclaimer:

The provided information is for educational purposes only and should not be construed as financial advice. It is essential to conduct thorough research and seek professional advice before making investment decisions.