Dogecoin Price Stagnates as Sellers Gain Upper Hand in Futures Market

Dogecoin's price has managed to hold its recent gains at $0.09, but futures activity is losing steam.

According to Cryptoquant data, sellers are gaining an edge in Dogecoin's market, with a higher number of sell orders compared to buy orders.

This slowdown in trading activity is evident from the volume bubble map, which shows that the market is moving away from high-activity zones.

Despite this, larger players continue to be active in the market, as shown by average order size data. These bigger players are still placing significant orders, indicating that they remain committed to Dogecoin.