The latest price of Dogecoin at 13:00 on November 7, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: November 7, 2024 at 13:00

As of November 7, 2024, at 13:00 UTC, Dogecoin (DOGE) is trading at $0.19442435509163, with a 24-hour trading volume of $839,569,115,087.28. The price of DOGE has declined by 3.5198991% over the past 24 hours.

Key Metrics:

• Circulating Supply: 146,687,516,383.71
• Maximum Supply: None
• Total Supply: 146,687,516,383.71
• Market Cap: $28,519,625,772.894

Market Overview:

• Bitcoin (BTC): The leading cryptocurrency, Bitcoin (BTC), is currently trading at approximately $60,000.
• Ethereum (ETH): The second-largest cryptocurrency by market capitalization, Ethereum (ETH), is hovering around $1,900.
• Overall Market Sentiment: The cryptocurrency market is currently experiencing a slight downturn, with most major cryptocurrencies exhibiting losses in the past 24 hours.

Dogecoin Technical Analysis:

• Support Levels: $0.19, $0.18, $0.17
• Resistance Levels: $0.20, $0.21, $0.22

• Technical Indicators:

  • Moving Averages: The 50-day moving average (MA) is currently at $0.1947, indicating potential support.
  • Relative Strength Index (RSI): The RSI is currently at 42, suggesting that DOGE is in the neutral zone.
  • Macd: The MACD is currently below the signal line, indicating bearish momentum.

Outlook:

While the price of Dogecoin has experienced a slight decline in the past 24 hours, the technical indicators suggest that it may find support at the $0.19 level. If DOGE can hold above this support, it may have the potential to rebound in the coming days. However, if it breaks below the $0.19 support, it could face further losses.

Traders and investors should exercise caution and conduct thorough technical analysis before making any investment decisions.