The market momentum indicator confirms aggressive whale purchases of Dogecoin

Dogecoin is at a turning point, where market momentum indicators signal significant changes in the behavior of large investors. As of March 11, 2026, the price of DOGE was $0.09, yet the movement of major market players suggests that a small 1.08% dip over the past 24 hours may be just a temporary correction. Nearly $38.71 million in daily volume is coming into this currency, indicating institutional interest. Whales are accumulating their positions, and technical indicators show that breaking the $0.15 level is not a question of “if,” but “when.”

On-Chain Signals: Whales Are Returning to Dogecoin

On-chain data reveal an intriguing activity pattern. Large holders have increased their holdings at a rate not seen since the last price rally. Although overall selling pressure remains, whale activity at support levels suggests that institutional entities view the current valuation as an attractive opportunity. This market dynamic typically precedes upward phases, especially when other assets like Bitcoin at $70.47K or Ethereum at $2.06K also show signs of recovery.

Price Momentum Indicator Signals a Potential Trend Reversal

Analysis of the momentum indicator provides key insights for market observers. Glassnode reveals that the proportion of holders in profit is gradually decreasing, a classic scenario preceding stabilization. The seven-day moving average shows that the number of investors in profit is lower than during previous market peaks. This means many positions are underwater, reducing selling pressure from profit-taking.

When the momentum indicator reaches equilibrium between profit supply and loss supply, the market usually enters a consolidation phase. Even modest buying can disrupt the order book, creating a chain reaction. The current setup suggests exactly such a scenario.

Consolidation and Breakout: What Investors Are Watching

The current distribution of profit-takers and loss-makers reflects a market in transition. Whales are leading this movement. If buying pressure persists, the entire market structure could shift upward in the coming days.

The overall cryptocurrency market shows resilience, rising 0.7% despite macroeconomic uncertainties. Other assets, including XRP, Solana, and BNB, also experienced slight upward movements. This environment creates ideal conditions for a Dogecoin breakout, especially as whales appear ready to act on a large scale. The market momentum indicator sends a clear signal: if consolidation lasts for several more days, breaking $0.15 will become almost inevitable.