The latest price of Dogecoin at 19:00 on January 21, 2025

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of January 21, 2025, 7:00 PM, Dogecoin (DOGE) stands at a price of $0.3457. The cryptocurrency has experienced a 24-hour trading volume of $6,955,599,902.1265 and has witnessed a price decline of -8.47080464% within the last 24 hours.

Key Metrics:

• Circulating Supply: 147,714,166,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147,714,166,383.71 DOGE
• Market Cap: $51,068,498,769.126

Technical Analysis:

• DOGE is currently trading below its 200-day Simple Moving Average (SMA).
• The Relative Strength Index (RSI) is hovering around 40, indicating a neutral to slightly oversold territory.
• The MACD indicator shows a bearish divergence, suggesting a potential downward trend.

Market Sentiment:

Recent market sentiment towards Dogecoin has been mixed. Some analysts believe that the current price decline may be a temporary pullback, while others suggest that the cryptocurrency could experience further depreciation. However, the long-term outlook for DOGE remains somewhat bullish, given its strong community support and potential use cases.

Conclusion:

Dogecoin has experienced a significant price drop in the past 24 hours, driven by broader market volatility. Technical indicators suggest a potential downward trend, while market sentiment remains mixed. Investors should exercise caution when making investment decisions and conduct thorough research before entering or exiting positions.