Dogecoin Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Dogecoin (DOGE) experienced a 4.96% price decrease over the past 24 hours, continuing a weekly downward trend of -18.0%. The trading volume has decreased by 25.0% over the past week, while the circulating supply increased by 0.25%, reaching 143.52 billion. Currently, Dogecoin's market cap ranks #11 at $20.54 billion.
March 18, 2024 | 3:02 pm
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NEGATIVE IMPACT
Dogecoin's price fell by 4.96% in the last 24 hours, with a significant 18% decrease over the week. The trading volume has decreased, and the circulating supply has slightly increased.
The significant price drop and decrease in trading volume indicate a bearish short-term outlook for Dogecoin. The slight increase in circulating supply could further pressure the price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100