The latest price of Dogecoin at 19:00 on December 17, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Uptrend Continues as DOGE Surges

As of December 17, 2024, 7:00 PM, Dogecoin (DOGE) was trading at $0.40591137550543, with a 24-hour trading volume of $3,710,036,269.6182. The price of DOGE has increased by 1.85737759% over the past 24 hours.

Key Metrics:

• Current Price: $0.40591137550543
• 24-Hour Trading Volume: $3,710,036,269.6182
• Price Change (24 Hours): +1.85737759%
• Circulating Supply: 147,236,956,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147,236,956,383.71 DOGE
• Market Cap: $59,765,155,490.943

Technical Analysis:

Dogecoin's price has been on a steady upward trend since December 10, 2024. The breakout above the $0.40 resistance level on December 15th triggered a surge in buying pressure, propelling DOGE to its current price.

The Relative Strength Index (RSI) indicator is currently at 65.5, indicating that DOGE is in a strong uptrend and is still bullish. The MACD indicator is also bullish, with the MACD line crossing above the signal line. This suggests that the momentum is currently in favor of the bulls.

Key Levels:

• Support: $0.39
• Resistance: $0.42
• Pivot: $0.41

Outlook:

Based on the current technical analysis, Dogecoin's price is expected to continue its upward trend in the short term. A break above the $0.42 resistance level could lead to a further increase in price towards $0.45. However, if DOGE falls below the $0.39 support level, it could indicate a reversal of the current trend.

Disclaimer:

This analysis is for informational purposes only and should not be taken as financial advice. Please do your own research and consult with a financial professional before making any investment decisions.