Live Token Stats (as of May 17, 2025)
•Price: $0.2166
•Market Cap: $32.34 billion
•24H Volume: $1.6 billion
•Circulating Supply: 149.3 billion DOGE
•24H Change: -5.12%
•7D Change: -7.1%
•All-Time High: $0.7386 (May 8, 2021) Source: CoinMarketCap
DOGE Price Holds Steady Amid Market Volatility
Dogecoin (DOGE) is trading at $0.2166 on May 17, 2025, reflecting a 5.12% decrease over the past 24 hours. Despite the recent dip, DOGE maintains a market capitalization of $32.34 billion, securing its position as the 8th largest cryptocurrency by market cap.
The 24-hour trading volume stands at $1.6 billion, indicating sustained investor interest.
The broader cryptocurrency market has experienced volatility following Moody’s downgrade of the U.S. credit rating, which has impacted risk assets, including cryptocurrencies like DOGE.
On-Chain Metrics and Market Sentiment
Recent on-chain data suggests a neutral sentiment for DOGE, with the Relative Strength Index (RSI) hovering around 52, indicating neither overbought nor oversold conditions. Analysts are closely watching the $0.228 resistance level, with a breakout above this point potentially signaling a bullish trend.
Final Take
Dogecoin remains a resilient player in the crypto market, demonstrating stability amid broader market fluctuations.
While short-term volatility persists, DOGE’s strong community support and widespread recognition continue to underpin its position in the cryptocurrency landscape. Investors should monitor key resistance levels and market indicators to assess potential future movements.
