Dogecoin purchase wave by large investors activates the market momentum indicator

The cryptocurrency market has shown signs of revival in recent hours, with Dogecoin at the center of whale activity. The current price of this digital asset is $0.14, with fluctuations of -3.02% over the past 24 hours. At the same time, Bitcoin remains near the $90,900 mark, while Ethereum hovers around $3,110, creating a relatively stable environment for other altcoins.

Whale Mobilization Changes Market Topography

Importantly, major Dogecoin holders have engaged in massive buybacks totaling $138 million in a single transaction. Such coordinated activity typically indicates rising expectations for future price movements. Analysts note that this buying pressure traditionally precedes periods of increased volatility and potential breakthroughs of key resistance levels. The current goal for Dogecoin is to break through the $0.15 barrier, which would require maintaining the current investment momentum.

Market Momentum Indicator Signals a Cycle Shift

Data from advanced analytical platforms like Glassnode reveal significant changes in holder structure. The share of profit-generating supply shows a downward trend, meaning a substantial portion of investors are in a loss or neutral position. This distribution of holdings—measured by the momentum indicator on a seven-day moving average—has historically preceded periods of market reorganization and potential price rebounds.

Weakening selling pressure from investors taking profits creates conditions conducive to new upward waves. When the market enters a consolidation phase, as is the case with Dogecoin, a decrease in the number of profitable holders reduces resistance to further price appreciation.

Potential Consequences of Institutional Activity

The current scenario in the Dogecoin market reflects a classic pattern before breakthrough movements. The combination of coordinated whale purchases with diminishing selling pressure creates ideal conditions for market mobilization. Market momentum indicators suggest that the transitional phase may soon give way to a more decisive trend. Investors should monitor whether the market maintains support levels and whether the trend toward more ambitious price targets strengthens.