(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Analysis
As of November 14, 2024, 4:00 AM, the latest price of Dogecoin (DOGE) stands at $0.38782713795623. In the past 24 hours, the trading volume for DOGE has amounted to $28303613418.485. Over the same period, the price of Dogecoin has shown a rise of 1.98919749%.
Key Metrics
- Circulating Supply: 146778006383.71 DOGE
- Total Supply: 146778006383.71 DOGE
- Market Cap: $56924494130.713
Market Data
- 24H Low: $0.37426801328499
- 24H High: $0.38839397560572
- 7D Low: $0.37087501966186
- 7D High: $0.38839397560572
- Dominance Rate: 0.7275%
Analysis
Dogecoin has recently experienced a slight price appreciation. The increase in trading volume over the past 24 hours suggests heightened market activity. However, the price is still below the key resistance level of $0.40, indicating potential selling pressure at that level.
Fundamentals such as adoption and community support continue to play a role in Dogecoin's price movement. Its widespread use as a payment method on social media platforms like Twitter and Reddit has contributed to its popularity.
Outlook
The short-term outlook for Dogecoin is somewhat neutral. The price is likely to fluctuate within the current range. However, a sustained breakout above the resistance level of $0.40 could trigger further bullish momentum. Conversely, a decline below the support level of $0.37 could lead to additional selling pressure.
Investors should exercise caution and monitor market conditions closely before making any investment decisions.