February 14, 2025 at 16:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin Eyes Recovery as Bulls Attempt to Bridge CME Gap

At the time of writing on February 14, 2025, at 16:00 EST, Dogecoin (DOGE) is trading at $0.26690358983957, with a 24-hour trading volume of $1446879928.9178. The price of DOGE has increased by 3.48646413% in the past 24 hours.

Key Metrics:

• Bitcoin circulating supply: 14,803,958,6383.71
• Dogecoin maximum supply: N/A
• Dogecoin total supply: 14,803,958,6383.71
• Dogecoin market cap: $39512297044.176

Technical Analysis:

DOGE price is currently retesting the 200-day Exponential Moving Average (EMA), which suggests the possibility of a potential trend reversal. The bulls are attempting to fill the CME gap created when the market reopened on Monday at a price of $0.25. A successful fill of this gap would indicate a bullish momentum and could potentially push DOGE towards the $0.28 - $0.30 price range.

However, if DOGE price fails to sustain above the 200-day EMA, it could face a downside correction towards the $0.24 - $0.25 support zone.

Market Sentiment:

Despite the slight recovery in price, the overall market sentiment towards DOGE remains cautious. Concerns surrounding the lack of real-world use cases and the inflationary nature of the coin have weighed on investor sentiment.

Conclusion:

The direction of DOGE price will depend on whether the bulls can sustain the current momentum and fill the CME gap. A successful gap fill would indicate a potential shift towards a more bullish outlook. However, if DOGE price fails to hold above the 200-day EMA, a downside correction could be imminent. Investors and traders should exercise caution and monitor price action closely for further developments.