(24-hour Dogecoin price trend)

Dogecoin (DOGE) Price Analysis

As of November 14, 2024, 09:00 AM UTC, the live Dogecoin (DOGE) price is $0.39261795670868. The 24-hour trading volume for DOGE is $27011158730.592. Over the past 24 hours, the price of Dogecoin has dipped by -3.22733516%.

Key Statistics

• Circulating Supply: 146780606383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 146780606383.71 DOGE
• Market Cap: $57628701762.832

Overview

Dogecoin, a popular cryptocurrency known for its dog-themed branding, has experienced a slight decline in price over the past 24 hours. The reasons behind this fluctuation are not immediately clear, but market trends, macroeconomic factors, and sentiment can all play a role.

Despite the recent price dip, Dogecoin remains a significant player in the cryptocurrency market, boasting a large community of supporters. Its unique identity and association with various online platforms and initiatives have contributed to its popularity.

Market Analysis

The overall cryptocurrency market has been experiencing some volatility in recent days, with many assets showing fluctuations in price. Bitcoin (BTC), the dominant cryptocurrency, has also dipped slightly, which may have had a ripple effect on the broader market, including DOGE.

Technical analysis of Dogecoin's price chart suggests that it is currently in a consolidation phase. The recent price movements have formed a range, and a break either above the resistance or below the support levels could indicate a potential trend reversal.

Future Outlook

The future price trajectory of Dogecoin is difficult to predict with certainty. However, factors such as industry developments, community adoption, and macroeconomic conditions can influence its performance. If Dogecoin manages to maintain its popularity and utility, it could potentially regain its momentum.