The latest price of Dogecoin at 16:00 on October 12, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Rallies, Surging Over 3% in 24 Hours

As of October 12, 2024, at 4:00 PM UTC, Dogecoin (DOGE) is trading at $0.11125023940868, with a 24-hour trading volume of $646,661,751.1583. The price of DOGE has witnessed a significant increase of 3.05953858% over the past 24 hours.

Market Overview

• Circulating Supply: 146,332,916,383.71 DOGE
• Maximum Supply: Not available
• Total Supply: 146,332,916,383.71 DOGE
• Market Cap: $16,279,571,981.058

Technical Analysis

The current uptrend in Dogecoin's price is driven by several technical factors:

• Technical Support: DOGE has found strong technical support at the $0.09 level. This level has acted as a key support zone, preventing further declines and providing a foundation for a bullish rally.
• Positive MACD Cross: The Moving Average Convergence Divergence (MACD) indicator recently generated a positive cross, indicating growing bullish momentum.
• Bullish RSI: The Relative Strength Index (RSI) is currently trading above the 50 level, demonstrating strong buying pressure.

Conclusion

The recent surge in Dogecoin's price is a positive sign for investors and traders. Technical factors suggest that the uptrend could potentially continue in the near future. However, it is important to note that all cryptocurrency markets are volatile, and investors should exercise caution and conduct thorough research before making any investment decisions.