The latest price of Dogecoin at 15:00 on October 07, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: October 7, 2024

As of 15:00 UTC on October 7, 2024, Dogecoin (DOGE) is valued at $0.11434403841874. This represents an increase of 5.3741895% over the past 24 hours. The 24-hour trading volume is $572,972,022.85575.

Dogecoin has a circulating supply of 146,263,846,383.71 DOGE. Its maximum supply is not specified, while its total supply is 146,263,846,383.71 DOGE. The current market capitalization is $16,724,398,870.171.

Recent Price Movements

Over the past week, Dogecoin has experienced significant volatility. It reached a high of $0.11845 on October 1, before falling to a low of $0.10738 on October 5. Since then, the price has rebounded and is currently trading at $0.11434.

Technical Indicators

According to technical indicators, Dogecoin is currently in a bullish trend. The Moving Average Convergence Divergence (MACD) indicator has recently crossed above the signal line, indicating that the momentum is positive. The Relative Strength Index (RSI) is also above 50, suggesting that DOGE is not overbought.

The Bollinger Bands, a measure of volatility, are widening, indicating that volatility is expected to continue in the near term. However, the bands are still relatively narrow, suggesting that the price is not significantly overextended.

Conclusion

Dogecoin has shown positive momentum over the past 24 hours. Technical indicators suggest a bullish trend, with the MACD and RSI indicating continued momentum. However, investors should exercise caution due to the volatility that Dogecoin has experienced in recent days.