(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of November 18, 2024, 06:00 UTC, the latest price of Dogecoin (DOGE) is $0.35776635317199. The 24-hour trading volume is $7669381477.8092. In the past 24 hours, the price of Dogecoin has decreased by -2.98194327%.

Key Statistics

• Current Price: $0.35776635317199
• 24-Hour Trading Volume: $7669381477.8092
• Price Change (24 Hours): -2.98194327%
• Circulating Supply: 146833596383.71 DOGE
• Maximum Supply: None
• Total Supply: 146833596383.71 DOGE
• Market Capitalization: $52532120301.326

Technical Analysis

• Bollinger Bands: The Bollinger Bands are currently squeezing, indicating low volatility.
• Moving Averages: The 50-day moving average is currently at $0.37184325141379, while the 100-day moving average is at $0.38215421628437.
• Relative Strength Index (RSI): The RSI is currently at 42.32, indicating neutrality.
• Moving Average Convergence Divergence (MACD): The MACD is currently in a negative trend, indicating bearish momentum.

Market Sentiment

The market sentiment for Dogecoin is currently mixed. Some analysts believe that the recent price drop is a temporary setback, while others expect further declines. However, the coin retains a strong community and a loyal following, which could potentially drive future value growth.

Conclusion

The Dogecoin (DOGE) price has been experiencing a downward trend in recent days. While the technical indicators suggest potential weakness, the coin's strong community support could provide a buffer against further price declines. Investors should closely monitor market conditions and conduct thorough research before making any investment decisions.