(24-hour Dogecoin price trend)

Dogecoin Hovers: Break Out or Break Down on the Horizon?

As of February 21, 2025, 9:00 PM EST, Dogecoin (DOGE) stands at $0.26049613011762, with a 24-hour trading volume of $1,265,945,104.2575. DOGE has experienced a price increase of 2.55191695% in the past day.

The current circulation supply of DOGE stands at 148,138,566,383.71, while its maximum supply remains unknown. The total supply is 148,138,566,383.71, resulting in a circulating market cap of $38,589,523,264.128.

Technical Analysis

Dogecoin is currently forming a symmetrical triangle pattern, signaling a potential breakout is imminent. The symmetrical triangle charted by DOGE's price action is typically interpreted as a sign of indecision in the market, with a breakout occurring once one side of the triangle is broken.

Possible Scenarios

If DOGE breaks above the upper trendline of the triangle, it could indicate a potential uptrend and a continuation of the bullish momentum. Conversely, if DOGE breaks below the lower trendline, it could suggest a downtrend and a possible correction in price.

The breakout direction will depend on various factors, including market sentiment, technical indicators, and news events. Traders should exercise caution and conduct thorough analysis before making any trading decisions.

Disclaimer

The information provided in this article does not constitute financial advice. Please consult with a qualified professional before making any investment decisions.