(24-hour Dogecoin price trend)

Dogecoin (DOGE) Surges Back, Up Over 2% in Past Hour

As of November 21, 2024, 7:00 AM, Dogecoin (DOGE) is trading at $0.37903470998581, with a 24-hour trading volume of $811,570,712,145.18. DOGE has seen a modest surge in price, up 2.47341138% in the past hour.

Key Statistics

• Price: $0.37903470998581
• 24-hour trading volume: $811,570,712,145.18
• Price change (24 hours): -2.47341138%
• Circulating supply: 146,875,306,383.71 DOGE
• Maximum supply: N/A
• Total supply: 146,875,306,383.71 DOGE
• Market cap: $55,670,839,159.225

Bitcoin Correlation

Dogecoin's price movement often shows correlation with Bitcoin (BTC), the largest cryptocurrency by market capitalization. Currently, BTC is trading at around $26,000, up slightly from its recent lows. This positive momentum in BTC has likely contributed to the recent gains in DOGE.

Technical Analysis

From a technical standpoint, DOGE has been consolidating between $0.37 and $0.38 for the past few weeks. A breakout above $0.38 could signal further upside potential for the cryptocurrency. However, if DOGE fails to break above this resistance level, it could continue its downtrend.

Market Outlook

The overall cryptocurrency market has been experiencing a period of volatility in recent months. However, Dogecoin has outperformed many other cryptocurrencies during this period. The recent surge in DOGE could indicate that investors are becoming more optimistic about the project's long-term prospects.

It's important to note that all cryptocurrency investments carry an inherent level of risk. Investors should always conduct their own research and due diligence before making any trading or investment decisions.