(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis: DOGE Dips Below $0.25 as Market Sentiment Sours

February 19, 2025 04:00

Dogecoin (DOGE) has taken a hit in the past 24 hours, falling below the $0.25 mark amidst a broader decline in the cryptocurrency market.

Price Action:

At the time of writing, DOGE is trading at $0.24742902747683, down 4.11114817% in the last 24 hours. The 24-hour trading volume for the meme coin stands at $1588940340.2655.

Market Analysis:

The broader cryptocurrency market has been experiencing a downturn lately, with Bitcoin (BTC) and Ethereum (ETH) losing some ground. This bearish sentiment has weighed on DOGE, contributing to its recent dip.

Supply Dynamics:

DOGE has a circulating supply of 148,101,066,383.71, with a total supply of 148,101,066,383.71. The coin has no maximum supply.

Market Capitalization:

The current market capitalization for Dogecoin is $36644502823.602, making it one of the top cryptocurrencies by market cap.

Outlook:

The short-term outlook for DOGE remains uncertain, with market sentiment being a key driver. If the broader crypto market recovers, DOGE could potentially regain some of its lost value.

However, if bearish sentiment persists, the meme coin may continue to struggle. Traders should monitor the overall market conditions and do their own research before making any investment decisions.