The latest price of Dogecoin at 19:00 on December 18, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: December 18, 2024

As of 19:00 UTC on December 18, 2024, the price of Dogecoin (DOGE) stands at $0.3890999448124, with a 24-hour trading volume of $4084323036.9076. The price of DOGE has decreased by -4.14165054% in the past 24 hours.

Key Statistics

• Circulating Supply: 147250716383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147250716383.71 DOGE
• Market Cap: $57295245618.486

Market Sentiment

The cryptocurrency market has been experiencing a downturn recently, and DOGE has been following suit. The price of DOGE has fallen by over 4% in the past 24 hours, and it is currently trading below its crucial support level of $0.40. This could be a sign that the cryptocurrency is about to undergo a further decline.

Technical Analysis

The technical indicators for DOGE are showing that the cryptocurrency is in a downward trend. The Moving Average Convergence Divergence (MACD) indicator is below the zero line, and the Relative Strength Index (RSI) is below the 50 level. This indicates that DOGE is currently oversold and that it is likely to continue to decline.

Future Outlook

The future of DOGE is uncertain. The cryptocurrency has been on a downward trend for the past few months, and it is unclear whether it will be able to recover. However, the upcoming利率决议 could provide some insights into the future of the cryptocurrency market. If the Federal Reserve decides to cut interest rates, this could lead to a rally in the cryptocurrency market and could help DOGE to recover.

Disclaimer

This article is for informational purposes only and should not be considered financial advice. Please do your own research before investing in any cryptocurrency.