The latest price of Dogecoin at 02:00 on December 11, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price and Market Update: December 11, 2024, 02:00 UTC

At the time of writing, the live price of Dogecoin (DOGE) is $0.37241497230071, with a 24-hour trading volume of $13,787,645,363.746. over the past 24 hours, Dogecoin's price has declined by -14.54829743%.

Key Metrics:

• Circulating Supply: 147,144,696,383.71 DOGE
• Max Supply: None
• Total Supply: 147,144,696,383.71 DOGE
• Market Capitalization: $54,798,888,027.934

Market Performance:

In the past 24 hours, Dogecoin has experienced a significant price drop, signaling a bearish sentiment in the market. The negative price action is likely attributed to factors such as profit-taking, market uncertainty, and broader macroeconomic headwinds.

Technical Analysis:

From a technical perspective, Dogecoin is trading below its key moving averages, indicating a bearish trend. The Relative Strength Index (RSI) is currently at 24.36, suggesting that the asset is oversold and may be poised for a rebound. However, it's important to note that technical analysis is not a foolproof predictive tool, and market conditions can change rapidly.

Future Outlook:

The future outlook for Dogecoin is difficult to predict with any certainty. The cryptocurrency market remains highly volatile and is subject to various factors that can influence prices, such as regulatory developments, adoption rates, and macroeconomic conditions.

However, it's worth noting that Dogecoin has a strong social media presence and a loyal community. This could provide some support for the asset in the long run, especially if the overall market sentiment improves.