The latest price of Dogecoin at 16:00 on July 14, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: 4% Gains Secure Key Resistance

As of July 14, 2024, 4:00 PM, Dogecoin (DOGE) is trading at $0.11380094911179, showcasing an impressive 4.13259128% surge in its value over the past 24 hours.

Trading Dynamics

The 24-hour trading volume of Dogecoin has reached $596,707,910.89305, indicating strong market activity. With this price action, DOGE has secured a crucial resistance level that could potentially set the stage for further upward momentum.

Supply Dynamics

The current circulating supply of Dogecoin stands at 145,108,996,383.71, while the maximum supply remains unknown. The total supply is 145,108,996,383.71.

Market Capitalization

Dogecoin's market capitalization has climbed to a significant $16,513,541,513.125, reflecting its substantial value within the cryptocurrency market.

Technical Indicators

Technical indicators suggest that Dogecoin is poised for continued growth. The Relative Strength Index (RSI) has entered the overbought zone, indicating bullish sentiment. Additionally, the Moving Averages (MAs), particularly the 50-day and 200-day MAs, are providing strong support levels.

Outlook

Based on the current price action and technical indicators, Dogecoin is expected to maintain its positive trajectory. The breakout beyond the resistance level has opened up the potential for further gains. However, investors should remain vigilant and monitor market sentiment as the cryptocurrency landscape is highly volatile.