The latest price of Dogecoin at 18:00 on September 11, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Market Update

As of September 11, 2024, at 6:00 PM UTC, Dogecoin (DOGE) is valued at $0.1001034428862. In the last 24 hours, it has experienced a decline of -3.69664834%.

Key Market Indicators:

• 24-Hour Trading Volume: $475,819,422.0654
• Circulating Supply: 145,910,566,383.71
• Total Supply: 145,910,566,383.71
• Market Capitalization: $14,606,150,048.484

Technical Analysis:

The recent price action of Dogecoin indicates a bearish sentiment in the market. The coin has been continuously declining since early September, breaking below key support levels. The 200-day moving average (MA) is currently at $0.114, acting as a resistance level for the price.

The Relative Strength Index (RSI) is currently below 30, indicating an oversold condition. However, the Moving Average Convergence Divergence (MACD) is slightly above zero, suggesting a potential trend reversal.

Market Outlook:

The short-term outlook for Dogecoin is mixed. The bearish momentum may continue in the near term, with the price potentially falling below the $0.09 support level. However, if the MACD indicator shows sustained movement above zero, it could signal a reversal and upward movement.

In the long term, the future of Dogecoin will depend on the overall sentiment in the cryptocurrency market and the adoption of the coin for payments and other uses. The recent interest from mainstream companies such as Tesla and SpaceX could provide a positive catalyst for its growth.

Disclaimer: This market analysis is not financial advice. Cryptocurrency investments are highly volatile and carry a high degree of risk. Investors should conduct their own research and consult with financial professionals before making any investment decisions.