Dogecoin Price Holds Steady Despite Cooling Futures Activity

Dogecoin's price has managed to hold onto its recent gains at $0.09, but futures activity is losing steam. According to Cryptoquant data, sellers are gaining an edge over buyers, with more sell pressure building up.

The trading intensity has clearly fallen, especially when compared to earlier zones in Cryptoquant's volume bubble map. This suggests that the market is moving away from high-activity zones and that there's no strong buying interest at present.

However, it's worth noting that despite this slow pace, bigger players are still making moves. Average Order Size data showed that larger orders are still appearing, indicating that whales are still active in the market.