The latest price of Dogecoin at 14:00 on January 9, 2025

(24-hour Dogecoin price trend)

Dogecoin Shows Mixed Signals, Loses Ground in 24-Hour Trading

At the time of reporting (January 9, 2025, 2 PM), Dogecoin (DOGE) was trading at $0.33848739655306, with a 24-hour trading volume of $3,986,203,300.0282. The cryptocurrency has witnessed a price decline of -2.85548839% in the past 24 hours.

Key Metrics

• Circulating supply: 147,547,906,383.71
• Maximum supply: N/A
• Total supply: 147,547,906,383.71
• Market capitalization: $49,943,106,698.676

Recent Price Action

Dogecoin has attracted mixed sentiments among traders recently. After a brief surge towards $0.38641, the cryptocurrency experienced a -1.23% pullback from its recent highs, creating uncertainties for potential investors.

Factors Influencing DOGE's Price

Several factors may have contributed to Dogecoin's recent price fluctuations:

• Market sentiment: The overall sentiment in the cryptocurrency market is currently bearish, which may have impacted DOGE's price.
• Technical analysis: From a technical perspective, DOGE's charts indicate a potential downtrend, with the cryptocurrency facing resistance at crucial levels.
• Whales' activity: Large-scale investors known as "whales" have been observed moving significant amounts of DOGE, which can affect the cryptocurrency's price.

Outlook

The short-term outlook for Dogecoin is uncertain. While the cryptocurrency has experienced a decline in the past day, its long-term prospects remain debatable. Investors should carefully consider the risks and potential rewards before making any trading decisions.