The latest price of Dogecoin at 16:00 on November 4, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Consolidates Around $0.15

As of November 4, 2024, 4:00 PM UTC, Dogecoin (DOGE) is trading at $0.15090987751255, with a 24-hour trading volume of $2043209325.2437. The cryptocurrency has experienced a slight decline of -0.52294996% in the past 24 hours.

Key Metrics

• Circulating Supply: 146648156383.71
• Maximum Supply: N/A
• Total Supply: 146648156383.71
• Market Cap: $22130655317.306

Price Analysis

Dogecoin has been consolidating around the $0.15 level for several weeks now. The cryptocurrency has failed to break out above resistance at $0.16, and it has also found support at $0.14. The current price action suggests that DOGE is likely to continue trading within this range in the short term.

Technical Indicators

Technical indicators are mixed for Dogecoin. The Relative Strength Index (RSI) is below 50, indicating that DOGE is in a neutral zone. The Moving Average Convergence Divergence (MACD) is also below the signal line, indicating that the cryptocurrency is in a downtrend.

Long-Term Outlook

The long-term outlook for Dogecoin is bullish. The cryptocurrency has a strong community and it is supported by a number of high-profile investors. DOGE is also likely to benefit from the growing popularity of cryptocurrency in general.

Conclusion

Dogecoin is currently consolidating around the $0.15 level. The cryptocurrency is likely to continue trading within this range in the short term. However, the long-term outlook for DOGE is bullish, and it is likely to continue to grow in value over time.