The market performance of Dogecoin ($DOGE ) has declined to a certain extent. The latest data shows that the price of Dogecoin has fallen by about 3.67% in 24 hours, trading at around $0.12243684005876, with a 24-hour trading volume of nearly $880,493,181.55546.

From a technical analysis perspective, the relative strength index (RSI) of Dogecoin indicates that the market may be oversold and there may be a risk of price correction in the short term. However, both the 50-day and 200-day simple moving averages (SMA) of Dogecoin show an upward trend, suggesting that there may still be room for growth in the medium and long term.

Currently, the circulating supply of Dogecoin is about 146,162,996,383.71 pieces, and the maximum supply has not yet been determined. The total supply is the same as the circulating supply, which means that the number of Dogecoins in the market is relatively stable.

Despite the short-term decline in the price of Dogecoin, it is still a popular and heavily traded cryptocurrency. Its large circulating supply and limited maximum supply make it a potential long-term investment option. However, before investing in any cryptocurrency, it is crucial to conduct thorough research and fully understand the risks involved.