The latest price of Dogecoin at 18:00 on November 07, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Recent Trends and Market Data

As of November 07, 2024, 6:00 pm UTC, the live Dogecoin (DOGE) price stands at $0.19208558502342 with a 24-hour trading volume of $613,748,2583.2851. In the last 24 hours, DOGE has experienced a pullback of -3.08015644%.

Key Market Metrics

• Circulating Supply: 146,690,106,383.71
• Maximum Supply: N/A
• Total Supply: 146,690,106,383.71
• Market Capitalization: $28,177,054,901.862

Market Performance

Over the past 24 hours, DOGE has faced a decline in its price value. The coin's volatility has been moderate, indicating mixed sentiment among traders. The current price level represents a pullback from its recent peak, suggesting a temporary correction in the market.

Technical Indicators

The Relative Strength Index (RSI) for DOGE is currently at 44.23, indicating neutral market conditions. The Moving Average Convergence Divergence (MACD) shows a bearish crossover, suggesting a potential downtrend. However, the Stochastic Oscillator is pointing to oversold conditions, which could lead to a potential reversal.

Outlook

The immediate outlook for DOGE remains uncertain, with short-term price action likely to be influenced by market sentiment. The coin could potentially experience further downside momentum if the current bearish trend continues. However, given its historical volatility and the possibility of a reversal, traders should approach their positions with caution.

It is important to note that this analysis is based on technical indicators and historical price data, and does not constitute financial advice. Traders are advised to conduct their own research and consult a financial professional before making any investment decisions.