Are you looking for the next big moves in the cryptocurrency market? This month, the spotlight is on three standout tokens, all made in the USA, displaying strong chart patterns and heavy whale accumulation. Let’s dive into why Chainlink (LINK), PENGU, and Cardano (ADA) are the coins to watch in September, and how these assets might be gearing up for a bullish rally.
1. Chainlink (LINK): Hidden Bullish Signals
Chainlink has caught the attention of traders and investors, with whales accumulating over 1.1 million LINK tokens (approximately $24.7 million) in the last 30 days. Moreover, exchanges have experienced an outflow of 6.46 million LINK (around $145 million), signaling more confidence from both institutional holders and retail investors.
What makes Chainlink particularly noteworthy is its hidden bullish divergence on the Relative Strength Index (RSI). This divergence suggests that while the price chart may look subdued, there is a quiet build-up of buying pressure. Key support levels lie at $21.38, with resistance sitting at $24.74. Breaking beyond $27.86 could set LINK up for another significant rally.
Looking to invest in Chainlink? You can find it available on exchanges like Coinbase and Binance.
2. PENGU: A Token of Momentum
Despite falling around 17% over the past month, PENGU has started showing signs of a recovery. Its price rebounded by 8% in the last 24 hours, bringing its weekly gains to 11.6%. Smart money has reportedly increased its holdings by 6.65%, signaling growing confidence in this token tied to Pudgy Penguins.
Interestingly, PENGU also exhibits a hidden bullish divergence on the RSI, similar to Chainlink. Resistance at $0.032 will be the first key hurdle, while a break above $0.036 could open doors to $0.041. However, traders should watch for potential downside if the token dips below $0.027.
3. Cardano (ADA): Whales Take the Lead
Cardano has seen mixed performance recently, but whale activity hints at significant potential. Over 140 million ADA tokens (worth $117.6 million) were scooped up by large investors holding between 10 million and 100 million ADA. This accumulation aligns with a golden crossover on the 4-hour chart, where the 20-EMA line has risen above the 50-EMA, a bullish technical signal.
ADA is approaching resistance at $0.85. Sustained bullish momentum could push it past $0.90 and toward $0.96, levels not tested in weeks. On the downside, holding support at $0.80 will be critical to maintaining this outlook.
Interested in exploring Cardano’s ecosystem? Check out the ADA wallet, Yoroi, known for its user-friendly interface and secure functionality.
Final Thoughts
This September, keep an eye on Chainlink, PENGU, and Cardano as they display strong bullish signals. Between whale accumulation, hidden divergences, and technical patterns, these coins are positioned for potential upward momentum in the coming weeks. As always, trade wisely and conduct thorough research before making any financial decisions.
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