The latest price of Dogecoin at 20:00 on September 17, 2024

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: A Dip in Value, Market Cap Fluctuates

As of September 17, 2024, at 08:00 PM UTC, the latest price of Dogecoin (DOGE) stood at $0.10075167170007. The 24-hour trading volume amounted to $433,780,463.96908, indicating a substantial level of market activity.

However, the price of DOGE has experienced a decline of -0.94729493% over the past 24 hours. This downward trend has somewhat diminished the value of Dogecoin in the short term.

Key Supply and Market Cap Figures

• Circulating supply: 145,993,126,383.71 DOGE
• Maximum supply: N/A
• Total supply: 145,993,126,383.71 DOGE

The market capitalization of Dogecoin currently stands at $14,709,051,539.878, reflecting the total value of all DOGE coins in circulation. The fluctuation in price has had a corresponding impact on Dogecoin's market cap, which has also experienced some volatility.

Technical Outlook

The technical analysis of Dogecoin's price chart suggests a period of consolidation and potentially bearish momentum in the near term. The 50-day moving average (MA) is currently above the 200-day MA, indicating a bullish bias in the long term. However, the recent price decline has pushed DOGE below the 50-day MA, suggesting a possible reversal of trend.

Traders and investors may monitor the support and resistance levels closely to determine the potential direction of Dogecoin's price. Support levels could provide a cushion against further decline, while resistance levels could indicate potential barriers to upward movement.