(24-hour Dogecoin price trend)
Dogecoin Price Analysis
As of January 26, 2025, 08:00 PM, the live price of Dogecoin (DOGE) is $0.35146004530519. This represents a 0.35058715% increase over the past 24 hours.
Key Statistics
- 24-hour trading volume: $1,390,945,147.3553
- Circulating supply: 147,783,006,383.71 DOGE
- Maximum supply: N/A
- Total supply: 147,783,006,383.71 DOGE
- Market cap: $51,939,822,118.954
Market Overview
Dogecoin has experienced a modest uptick in price over the past 24 hours. The increase can be attributed to a combination of factors, including:
- Increased interest: Dogecoin has gained renewed interest from the cryptocurrency community in recent weeks. This is partly due to its low price point and its association with Elon Musk, who has repeatedly expressed his support for the coin.
- Positive market sentiment: The broader cryptocurrency market has also experienced some recovery lately, which has helped to boost the price of DOGE.
Technical Analysis
A technical analysis of DOGE reveals the following key points:
- Support levels: $0.3450 and $0.3250
- Resistance levels: $0.3550 and $0.3600
- Moving averages: The 50-day moving average (MA) is at $0.3480 and the 100-day MA is at $0.3430.
Key Takeaways
While Dogecoin has shown some positive signs lately, it remains a volatile asset. The market can change rapidly, and investors should exercise caution before investing in cryptocurrencies. It is important to conduct thorough research and understand the risks involved before making any investment decisions.