The latest price of Dogecoin at 09:00 on January 27, 2025

(24-hour Dogecoin price trend)

Dogecoin Price Stagnates Amidst Bearish Momentum

As of January 27, 2025, at 08:00 UTC, Dogecoin (DOGE) was trading at $0.33302419482054 with a 24-hour trading volume of $1,463,821,759.0689. DOGE's price has declined by -6.17203423% in the past day, indicating bearish sentiment in the market.

Key Metrics

• Circulating Supply: 147,789,676,383.71
• Maximum Supply: N/A
• Total Supply: 147,789,676,383.71
• Market Capitalization: $49,217,537,980.472

Analysis

Dogecoin has been facing downward pressure in recent trading sessions, as the broader cryptocurrency market has also witnessed a correction. The -6.17% decline in DOGE's price aligns with this trend.

Technical indicators suggest that the bearish momentum may persist in the short term. The Relative Strength Index (RSI) is hovering around 30, indicating that DOGE is in the oversold zone. The Moving Average Convergence Divergence (MACD) histogram is also in negative territory, further confirming the bearish outlook.

However, it is important to note that the cryptocurrency market is highly volatile and can experience sudden reversals. Therefore, it is crucial to exercise caution when making investment decisions and to consider both fundamental and technical factors.