DC Price Analysis

Market Overview

Dogechain maintains a circulating supply of 61840291060.25939, positioning it among mid-sized tokens in terms of liquidity and market engagement. The project’s market capitalization stands at $1.74M, indicating its current valuation relative to other digital assets. Trading activity, reflected by a 24-hour volume of $73.77K, points to the ongoing interest and transactional throughput surrounding this token. Over the past 24 hours, average trading volume has hovered around $14.73K, signaling a fairly active market. From a sentiment perspective, the Fear & Greed Index registers at 60, falling into the 'Greed' category, which demonstrates a market leaning towards risk-taking and optimism. These metrics collectively suggest a community and investor base that remains attentive and responsive to new developments.

Technical Analysis

Dogechain demonstrates a nuanced technical setup, with short-term and long-term indicators providing a mixed outlook. The asset is currently trading at a value of $0.00. The 7-day simple moving average has a clearly positive trajectory, signaling some short-term momentum building in the market. However, the 30-day, 90-day, and 200-day moving averages are all trending downward, indicative of persistent sluggishness over extended periods. Volatility over the last 24 hours sits at 0.63%, suggesting moderate price fluctuations. Additionally, the price's recent behavior—with a 24-hour change measured at -13.11%—underscores some pressure on the asset's short-term momentum. These mixed signals highlight a period of transition where traders should closely monitor moving average crossovers and support-resistance levels for potential breakout or breakdown scenarios.