(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of November 14, 2024, 4:00 AM, the latest price of Dogecoin (DOGE) stands at $0.38782713795623. In the past 24 hours, the trading volume for DOGE has amounted to $28303613418.485. Over the same period, the price of Dogecoin has shown a rise of 1.98919749%.

Key Metrics

• Circulating Supply: 146778006383.71 DOGE
• Total Supply: 146778006383.71 DOGE
• Market Cap: $56924494130.713

Market Data

• 24H Low: $0.37426801328499
• 24H High: $0.38839397560572
• 7D Low: $0.37087501966186
• 7D High: $0.38839397560572
• Dominance Rate: 0.7275%

Analysis

Dogecoin has recently experienced a slight price appreciation. The increase in trading volume over the past 24 hours suggests heightened market activity. However, the price is still below the key resistance level of $0.40, indicating potential selling pressure at that level.

Fundamentals such as adoption and community support continue to play a role in Dogecoin's price movement. Its widespread use as a payment method on social media platforms like Twitter and Reddit has contributed to its popularity.

Outlook

The short-term outlook for Dogecoin is somewhat neutral. The price is likely to fluctuate within the current range. However, a sustained breakout above the resistance level of $0.40 could trigger further bullish momentum. Conversely, a decline below the support level of $0.37 could lead to additional selling pressure.

Investors should exercise caution and monitor market conditions closely before making any investment decisions.