Dogecoin Decreases More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (CRYPTO: DOGE) has seen a 7.43% price drop in the last 24 hours, continuing a weekly decline of 1.0%. The volatility is highlighted by the Bollinger Bands in the provided chart. Trading volume has decreased by 17.0%, while the circulating supply increased by 0.35%, reaching 141.83 billion. Dogecoin's market cap is currently ranked #10, valued at $10.20 billion.
November 14, 2023 | 7:00 pm
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Dogecoin's price has decreased by 7.43% in the past 24 hours, with a 1.0% decline over the past week. The trading volume has decreased and the circulating supply has increased, affecting its volatility and potentially its price.
The significant drop in Dogecoin's price, coupled with a decrease in trading volume, suggests a bearish short-term sentiment among investors. The increase in circulating supply without a corresponding increase in demand could further pressure the price downward. The market cap ranking indicates Dogecoin is still a major player in the crypto market, which may limit the extent of the decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100