The latest price of Dogecoin at 22:00 on November 01, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Update

As of November 1, 2024, at 10:00 PM UTC, Dogecoin (DOGE) is trading at $0.16760192105734, marking an increase of 0.34649794% over the past 24 hours. The 24-hour trading volume is recorded at $2,496,502,316.6797.

Key Metrics:

• Circulating Supply: 146,610,556,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 146,610,556,383.71 DOGE
• Market Capitalization: $24,572,210,897.194

Market Analysis:

Over the past 24 hours, Dogecoin has experienced positive price movement. The increase in trading volume suggests heightened investor interest and could indicate further upward momentum. However, it is important to note that cryptocurrency markets are volatile, and investors should always conduct thorough research before making any trading decisions.

Technical Indicators:

Based on technical indicators such as moving averages and technical oscillators, Dogecoin's short-term outlook appears bullish. The 50-day moving average is currently at $0.16344558192387, indicating support at that level. The Relative Strength Index (RSI) is at 61.27, which suggests that the market is in a slightly overbought condition but not yet in overbought territory.

Conclusion:

Dogecoin's price has shown signs of recovery in recent hours. The positive price momentum, coupled with increased trading volume, indicates potential for further growth. However, it is crucial for investors to exercise caution and monitor market conditions closely before making any investment decisions.