The latest price of Dogecoin at 14:00 on December 03, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: Uptrend Potential Hinges on Breakout Above Resistance

As of December 3, 2024, at 2:00 PM UTC, Dogecoin (DOGE) is priced at $0.42253771522645, with a 24-hour trading volume of $10,349,908,821.902. DOGE has experienced a drop of -3.7877543% over the last day.

Key Statistics:

• Bitcoin (BTC) Circulation: 14,704,267,6383.71
• Dogecoin Circulation: 14,704,267,6383.71
• Dogecoin Max Supply: -
• Dogecoin Total Supply: 14,704,267,6383.71
• Dogecoin Market Cap: $6,213,107,6519.953

Technical Analysis:

Technical analysis suggests that DOGE is forming a bullish triangle flag pattern. This pattern typically indicates a period of consolidation followed by a breakout. Analysts anticipate a potential price surge of up to 400% if DOGE can break above the resistance level of $0.44.

Recent Whale Activity:

Recently, a massive DOGE transfer of $102 million raised eyebrows within the crypto community. Such large-scale transactions can often influence market sentiment and price movements.

Conclusion:

If DOGE can maintain its current momentum and break through the resistance level, it may witness a significant price appreciation. However, it is crucial to note that the cryptocurrency market is highly volatile, and any predictions should be taken with caution. Investors are advised to conduct thorough research and exercise due diligence before making any investment decisions.