Whales Make Bold Crypto Moves After the November Crash
The early November crypto crash left investors reeling, as major tokens experienced sharp pullbacks and disrupted sentiment across the board. However, while the market seemed chaotic to many, crypto whales were quietly taking advantage of the downturn. On-chain data reveals these large-scale investors accumulating specific altcoins with strong technical setups and the potential for recovery. So, what are the tokens that have caught the whales’ attention post-crash?
1. Aster (ASTER): A Decentralized Trading Gem on the Rise
Aster, a project built on the BNB Chain focused on decentralized trading, has seen remarkable whale activity. In the last 24 hours, whales have added 4.9 million ASTER tokens to their holdings, increasing their stakes by 12.58%. This accumulation equates to approximately $5.46 million at current market prices.
From a technical perspective, ASTER is showing promising signals. On the daily chart, a bullish divergence has been identified on the Relative Strength Index (RSI), with price action forming a lower low as RSI paints a higher low. This indicates that selling pressure is easing and a potential breakout looms. Targets for the upside include $1.53 initially, followed by $2.21. Investors should keep an eye on critical support levels at $0.93. A falling wedge breakout could mark the beginning of a strong upward trend.
Buy ASTER today on Binance to potentially capitalize on this recovery momentum.
2. Bio Protocol (BIO): The Decentralized Science Token
With a focus on decentralized science (DeSci), Bio Protocol has seen a resurgence in whale activity despite being down more than 40% over the past month. Within 24 hours, whales increased their BIO holdings by 87.07%, adding about 2.97 million tokens worth close to $226,000.
The technicals further bolster optimism. The On-Balance Volume (OBV) indicator has recently broken above its long-term resistance trendline, signaling renewed interest from big-money players. Resistance levels to watch for BIO include $0.097 and $0.12, corresponding to the Fibonacci retracement targets. However, if the token falls below $0.066, bearish traders could look to push it lower.
Explore BIO on Coinbase and consider adding it to your portfolio for long-term growth.
3. Syrup (SYRUP): Boosting DeFi Lending and Staking
Another standout token during the post-crash period is Syrup, a DeFi-focused cryptocurrency that powers the Maple Finance staking and lending platform. Whale wallets holding between 100 million and 1 billion SYRUP have been actively increasing their balances. Over the past two days, nearly 28 million tokens were added, reflecting a $11.5 million-dollar influx.
Syrup also displays technical strength. RSI levels show a bullish divergence alongside fresh inflows tracked by the Chaikin Money Flow (CMF) indicator. Resistance at $0.46 and subsequent levels at $0.53 could lead to a recovery trajectory, provided support holds firm at $0.36. This is a coin to watch for as investors prepare for DeFi advancements.
Utilize Syrup for DeFi staking on Maple Finance and empower your crypto holdings.
Conclusion: Is It Time to Follow the Whales?
While market volatility often creates uncertainty, it also opens doors for strategic accumulation. Aster, Bio Protocol, and Syrup exemplify altcoins that are attracting whale attention due to promising technical indicators and potential for recovery. If you’re looking for opportunities post-crash, these tokens are worth researching further.
Remember to always conduct thorough due diligence and consult financial experts before making investment decisions.
