(24-hour Dogecoin price trend)
Dogecoin Price Analysis: Slight Dip with Volatility Expected
As of September 21, 2024, at 3 PM UTC, Dogecoin (DOGE) is valued at $0.10530342447752. This represents a 24-hour trading volume of $505,519,649.09799.
Over the past 24 hours, Dogecoin has experienced a price fluctuation of -0.99788392%. This minor dip indicates a subtle correction after a period of upward momentum.
Key Metrics:
- Bitcoin Circulation: 146,045,256,383.71 DOGE
- Maximum Supply: N/A
- Total Supply: 146,045,256,383.71 DOGE
- Market Capitalization: $15,379,065,625.901
Technical Analysis:
Dogecoin's price action remains within a support and resistance range, with $0.10 acting as a support level and $0.115 as a resistance level. If the coin can break through resistance, further gains are possible. Conversely, if it falls below support, a deeper correction may follow.
Market Trends:
The broader cryptocurrency market is experiencing mixed sentiments, with Bitcoin and Ethereum showing signs of consolidation. This uncertainty may impact Dogecoin's price in the short term, leading to potential volatility.
Expectations:
In the coming days, Dogecoin's price is likely to fluctuate within the current range, with potential for upward momentum if resistance is broken. However, traders should exercise caution and manage their risk effectively as the market remains unpredictable.