The latest price of Dogecoin at 06:00 on November 29, 2024

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis and Market Updates

As of November 29, 2024, at 06:00 AM, the latest price of Dogecoin (DOGE) stands at $0.40007051776028, with a 24-hour trading volume of $606,469,401,515.409. Over the past 24 hours, the price of DOGE has decreased by -0.33797982%.

Key Market Metrics

• Market Cap: $5,880,392,752,935.8
• Circulating Supply: 146,983,906,383.71 DOGE
• Max Supply: N/A
• Total Supply: 146,983,906,383.71 DOGE

Market Dynamics

Over the past 24 hours, the price of DOGE has experienced a decline. The cryptocurrency has been fluctuating within a narrow range for several days, with buyers and sellers unable to establish a clear trend.

The cryptocurrency market as a whole has been experiencing some uncertainty recently, with Bitcoin (BTC) and other major coins also showing signs of weakness. This has weighed on the sentiment for DOGE as well.

Long-Term Analysis

From a long-term perspective, DOGE has been on a downtrend since May 2022. The cryptocurrency reached an all-time high of $0.7376 on May 8, 2022, but has since lost a significant portion of its value.

Technical indicators suggest that DOGE remains in a bearish trend. The Relative Strength Index (RSI) is below 50, indicating that the market is in a state of oversold. The Moving Average Convergence Divergence (MACD) is also below zero, further confirming the bearish trend.

However, it's worth noting that the cryptocurrency market can be highly volatile, and unexpected price swings can occur at any time. Investors should do their own research and exercise caution before making any trading decisions.