The latest price of Dogecoin at 15:00 on December 16, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

December 16, 2024, 03:00 PM UTC

Dogecoin's (DOGE) current value stands at $0.40414319604536, marking a 24-hour trading volume of $3,018,251,424.5638. Over the past 24 hours, DOGE's price has witnessed a moderate increase of 1.77985489%.

Key Statistics:

• Current Price: $0.40414319604536
• 24-Hour Trading Volume: $3,018,251,424.5638
• Price Change (24 hours): +1.77985489%
• Circulating Supply: 147,220,706,383.71
• Maximum Supply: N/A
• Total Supply: 147,220,706,383.71
• Market Cap: $59,498,246,801.967

Technical Analysis:

Dogecoin's price action over the past 24 hours has been relatively stable within a narrow range. The Relative Strength Index (RSI) is hovering around 55, indicating that the market is neutral, with no signs of overbought or oversold conditions. The Moving Average Convergence Divergence (MACD) also suggests a lack of strong momentum, with the signal line below the MACD line.

Market Analysis:

Dogecoin's recent price increase could be attributed to a rebound from the market dip experienced in the previous week. The cryptocurrency market, as a whole, is showing signs of recovery, with Bitcoin and Ethereum leading the rally. However, it remains too early to determine if this is a sustainable trend or a temporary correction.

Outlook:

Dogecoin's technical indicators and market analysis suggest that the price is likely to remain relatively stable in the short term. The lack of strong momentum and neutral market conditions may lead to a sideways trend for the next few days. Investors should closely monitor market sentiment and news updates for any potential shifts in price direction.