The latest price of Dogecoin at 06:00 on December 16, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: Bulls Regain Momentum

As of December 16, 2024, 6:00 AM, the live price of Dogecoin (DOGE) is $0.39813351175539, with a 24-hour trading volume of $2,471,950,979.7494. DOGE has witnessed a surge of 1.76499621% in its value over the past 24 hours.

The circulating supply of DOGE stands at 147,215,486,383.71, while its maximum and total supplies remain uncirculated. The market capitalization of DOGE is approximately $58,611,418,578.723.

Technical Analysis

Technical indicators suggest that the bulls have regained momentum in DOGE's market. The Relative Strength Index (RSI) has moved into the neutral range, hovering around 50, indicating that neither the buyers nor the sellers are in complete control. The Moving Average Convergence Divergence (MACD) line has crossed above the signal line, suggesting a potential bullish trend.

Support and Resistance Levels

Based on recent price action, the immediate support level for DOGE is expected around $0.389, while the resistance level lies at $0.402. A break above the resistance level could lead to further gains, while a fall below the support level could initiate a retracement.

Conclusion

Dogecoin's recent price increase reflects the renewed interest and momentum in the cryptocurrency market. While the RSI and MACD indicators suggest a potentially bullish trend, traders should exercise caution and monitor market conditions before making any investment decisions. The upcoming months will provide further insights into DOGE's price trajectory and the potential for further gains.