(24-hour Dogecoin price trend)
Dogecoin (DOGE) Price Analysis
As of January 23, 2025, 05:00 AM, the latest price of Dogecoin (DOGE) stands at $0.36009952137984. The 24-hour trading volume has reached $2810268109.0199.
Over the past 24 hours, the price of Dogecoin has experienced a decline of -4.80637297%. This represents a significant change from its recent highs.
Key Statistical Indicators
- Circulating Supply: 147,733,836,383.71 DOGE
- Max Supply: Not specified
- Total Supply: 147,733,836,383.71 DOGE
- Market Capitalization: $53,198,883,773.38
Technical Analysis
The recent price action of Dogecoin suggests a reversal of the previous positive trend. The coin is now trading below its key support level, indicating a potential downtrend. Technical indicators such as moving averages and the relative strength index (RSI) are also confirming this bearish sentiment.
Market Outlook
The Dogecoin market is currently witnessing increased volatility as the coin struggles to regain its previous momentum. The overall market conditions and investor sentiment towards cryptocurrencies in general are also playing a significant role.
Conclusion
Dogecoin's recent price correction has raised concerns among investors. The coin's future direction remains uncertain, and traders should proceed with caution. Careful monitoring of technical indicators and market news will be essential for making informed investment decisions.