The latest price of Dogecoin at 16:00 on August 7, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of August 7, 2024, 4:00 PM, Dogecoin (DOGE) is trading at $0.098948394243259. The 24-hour trading volume for DOGE stands at $993,947,890.2641.

Price Movement

Dogecoin's price has experienced a decline of -0.60678086% over the past 24 hours. This indicates a slight downward trend for the cryptocurrency.

Market Capitalization

The current market capitalization of Dogecoin is approximately $14,390,324,851.248. This represents the total value of all DOGE coins in circulation, based on the current market price.

Circulating Supply

The circulating supply of Dogecoin currently stands at 145,432,626,383.71. This refers to the amount of DOGE that is actively traded and available in the market.

Technical Analysis

Based on technical indicators, Dogecoin's price movement shows signs of a short-term bearish trend. The Relative Strength Index (RSI) is hovering below the 50-mark, which suggests that the market is currently in a state of oversold conditions.

Outlook

The short-term outlook for Dogecoin is somewhat uncertain. The current price decline may continue, but the asset could also experience a recovery in the coming days. Investors should monitor market conditions closely and consider their own risk tolerance before making any trading decisions.