(24-hour Dogecoin price trend)

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: January 19, 2025 00:00

Dogecoin Price Analysis: January 19, 2025 00:00

As of January 19, 2025, 00:00 UTC, Dogecoin (DOGE) was trading at a price of $0.40027823202971. The 24-hour trading volume for DOGE stands at $721,396,7939.8279. Over the past 24 hours, the price of Dogecoin has experienced a decline of -3.17724492%.

As of January 19, 2025, 00:00 UTC, Dogecoin (DOGE) was trading at a price of $0.40027823202971. The 24-hour trading volume for DOGE stands at $721,396,7939.8279. Over the past 24 hours, the price of Dogecoin has experienced a decline of -3.17724492%.

Key Metrics

Key Metrics

• Circulating Supply: 147,675,776,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147,675,776,383.71 DOGE
• Market Cap: $59,111,398,684.485

Analysis

Circulating Supply: 147,675,776,383.71 DOGEMaximum Supply: N/ATotal Supply: 147,675,776,383.71 DOGEMarket Cap: $59,111,398,684.485Analysis

The recent price movement of Dogecoin suggests a bearish trend. The -3.17724492% decline over the past 24 hours indicates that sellers are currently in control of the market. Technical indicators such as Bollinger Bands and Moving Averages are further supporting this bearish outlook.

The recent price movement of Dogecoin suggests a bearish trend. The -3.17724492% decline over the past 24 hours indicates that sellers are currently in control of the market. Technical indicators such as Bollinger Bands and Moving Averages are further supporting this bearish outlook.

Moving Averages

Moving Averages

• 20-day MA: $0.43098723
• 50-day MA: $0.45246778
• 200-day MA: $0.52967589

Dogecoin's price is currently below all three moving averages, indicating a strong downward trend.

20-day MA: $0.4309872350-day MA: $0.45246778200-day MA: $0.52967589Dogecoin's price is currently below all three moving averages, indicating a strong downward trend.

Support and Resistance Levels

Support and Resistance Levels

• Support: $0.38927276, $0.36245773
• Resistance: $0.42687428, $0.44347279

The closest support level for Dogecoin is at $0.38927276, while the closest resistance level is at $0.42687428. If the price breaks below the support level, further downward movement is likely. Conversely, if the price manages to climb above the resistance level, a bullish reversal could be in sight.

Support: $0.38927276, $0.36245773Resistance: $0.42687428, $0.44347279The closest support level for Dogecoin is at $0.38927276, while the closest resistance level is at $0.42687428. If the price breaks below the support level, further downward movement is likely. Conversely, if the price manages to climb above the resistance level, a bullish reversal could be in sight.

Conclusion

Conclusion

Overall, the technical analysis for Dogecoin indicates a bearish trend at present. The price is trading below moving averages, and the support levels are gradually weakening. Investors should exercise caution and closely monitor the price movement before making any trading decisions.

Overall, the technical analysis for Dogecoin indicates a bearish trend at present. The price is trading below moving averages, and the support levels are gradually weakening. Investors should exercise caution and closely monitor the price movement before making any trading decisions.