The latest price of Dogecoin at 21:00 on October 2, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis and Market Overview

As of 09:21 PM on October 2, 2024, Dogecoin (DOGE) is trading at $0.10499923470757, marking a notable drop of -9.75848052% over the past 24 hours.

Key Market Indicators

• Price: $0.10499923470757
• 24H Trading Volume: $1,367,695,470.0959
• Circulating Supply: 146,199,336,383.71 DOGE
• Max Supply: N/A
• Total Supply: 146,199,336,383.71 DOGE
• Market Capitalization: $15,350,818,435.043

Price Movement

Over the past 24 hours, DOGE has experienced a significant decline in its price, dropping from $0.11615683277252 to its current level of $0.10499923470757. This represents a decrease of approximately 9.76%.

The decline is likely due to a combination of factors, including broader market sentiment, technical resistance at higher levels, and profit-taking by some investors. Technical analysis indicates that DOGE is currently trading below its 20-day and 50-day moving averages, suggesting a bearish trend.

Market Dynamics

Despite the recent price drop, DOGE remains one of the most popular cryptocurrencies among retail investors. Its strong community support and association with prominent figures such as Elon Musk contribute to its continued popularity.

However, the cryptocurrency market is highly volatile, and the price of DOGE can fluctuate significantly in both directions. Investors are advised to exercise caution and thoroughly research the market before making any investment decisions.

Conclusion

Dogecoin's price has experienced a notable decline over the past 24 hours, dropping below its key moving averages. While the cryptocurrency remains popular, its price is susceptible to market conditions and investor sentiment. Investors should carefully assess the risks and opportunities before investing in any cryptocurrency.