(24-hour Dogecoin price trend)

Dogecoin Price Update: DOGE Declines 4.73% Amidst Rising Crypto Market

As of November 17, 2024, 07:00 AM, Dogecoin (DOGE) is trading at $0.36249574993417. The 24-hour trading volume of DOGE stands at $761,107,1065.6274, indicating a significant level of market activity.

Over the past 24 hours, DOGE has experienced a notable decline in value, losing approximately 4.7323988% of its price. This drop comes despite a recent rally in the broader cryptocurrency market, suggesting that market forces are specifically affecting DOGE.

Supply and Market Valuation

The current circulating supply of Dogecoin is reported at 146,820,846,383.71 DOGE. Currently, there is no maximum supply limit or total supply information available for DOGE.

Based on its current circulating supply, Dogecoin holds a market capitalization of approximately $53,221,932,815.831. This valuation places DOGE among the top cryptocurrencies by market cap.

Recent Market Developments

The recent decline in DOGE price may be attributed to a combination of factors. The broader cryptocurrency market has faced some volatility in recent weeks, with many digital assets experiencing price swings. Additionally, specific news or developments related to Dogecoin could have influenced its price trend.

Technical Analysis

From a technical analysis perspective, DOGE has recently been trading below its key resistance level of $0.40. A break above this level could indicate a potential reversal in DOGE's price trend. Conversely, if DOGE continues to trade below $0.40, further price declines may occur.

Disclaimer

Cryptocurrency markets are highly volatile and unpredictable. The information provided here is not intended as financial advice and should not be used as a basis for investment decisions. Always conduct thorough research and consider your own risk tolerance before investing in cryptocurrencies.