(24-hour Dogecoin price trend)
Dogecoin's Price Trend
As of December 2, 2024, at 9 PM, the latest Dogecoin (DOGE) price is $0.40999873096938, with a 24-hour trading volume of $12443850447.091. DOGE has experienced a decline of -3.11003918% in the past 24 hours.
Key Cryptocurrency Metrics
The circulating supply of Bitcoin (BTC) is 14,703,321,6383.71, while Dogecoin has no maximum supply. Its total supply is 147,033,216,383.71, and its circulating supply is equivalent to its total supply. This results in a market capitalization of $60,283,432,127.666 for Dogecoin.
Technical Analysis
Dogecoin is currently trading in a bullish range and is likely to break above the $0.50 resistance level shortly. The recent surge in price can be attributed to its promising fundamentals and increasing adoption.
Technical Indicators
- Relative Strength Index (RSI): The RSI is currently above 50, indicating that DOGE is in a bullish trend.
- Moving Average Convergence Divergence (MACD): The MACD line has recently crossed above the signal line, suggesting a potential upward trend.
- Bollinger Bands: The price action is currently trading within the Bollinger Bands, indicating a period of consolidation.
Conclusion
Based on current technical indicators and market sentiment, Dogecoin is poised for further upward movement. Investors should monitor the market closely for potential breakout opportunities.