Crypto
Dogecoin Price Cools After 29% Rally from $0.07 to $0.09
Dogecoin (DOGE) has cooled off after its recent rally from $0.07 to $0.09, according to data from CryptoQuant.
The price of DOGE has held steady near $0.09, despite mixed signals from derivatives markets and a decrease in futures trading intensity.
Seller pressure has increased, with sellers gaining an edge over buyers, while large orders remain active in the market.
Momentum indicators show that the market is no longer accelerating, but buying support remains, suggesting another move higher would require stronger buying activity.