What Cryptocurrencies Are Whales Accumulating During the Bear Market?
The crypto market may be experiencing turbulent times, but that hasn’t stopped major players – known as whales – from seizing opportunities. These big investors have been quietly accumulating key cryptocurrencies that demonstrate strong fundamentals and future potential. Wondering what tokens are capturing their attention? Read on to discover the top three cryptocurrencies that whales are betting on during the bear market.
1. Optimism (OP): A Bet on Layer-2 Scalability
Optimism (OP), a prominent Layer-2 scaling solution, has caught the interest of whales despite its 13.3% drop in November. Over the past 30 days, the top 100 Optimism wallets increased their holdings by 3.15%, adding an estimated $54 million worth of OP tokens. This uptick suggests confidence in Optimism’s long-term value, even in unfavorable market conditions.
The bullish sentiment aligns with technical indicators. Optimism is showing a bullish Relative Strength Index (RSI) divergence, signaling a potential trend reversal. A breakout above $0.47 could open the doors to price levels of $0.61 and $0.85. However, risks remain, with $0.38 acting as a critical support level — breaking below this could push prices to $0.31 or lower.
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2. Aster (ASTER): Rapid Accumulation of a Rising Star
Aster (ASTER) has witnessed significant accumulation, with whales increasing their holdings by 140% over the last 30 days. Smart money wallets are joining the fray, with their balances surging by 678%. Currently priced around $1.13, ASTER’s breakout from a falling channel suggests bullish momentum.
Short-term gains of approximately 9% underscore growing optimism. Aster’s next resistance stands at $1.29, while support holds firm at $1.11. A failure to maintain support could see the price retrace to $1.00 or even $0.81.
Want to jump into ASTER? Platforms like Binance make it easy to buy and hold this altcoin while monitoring its performance.
3. Maple Finance (SYRUP): Institutional Credit for DeFi
Maple Finance (SYRUP), a decentralized finance (DeFi) project focusing on institutional credit, is another favorite among whales. Over the past month, the top 100 SYRUP wallets increased holdings by 3.47%, bringing their total stash to 1.11 billion tokens worth nearly $500 million.
Technically, SYRUP is forming an inverse head and shoulders pattern. If confirmed with a price breakout above $0.53, it could pave the way for a rally toward $0.65. However, a drop below $0.38 would invalidate this bullish setup.
Your DeFi Toolkit: Platforms like MetaMask can help you store and manage Maple Finance tokens securely and interact with the DeFi ecosystem.
Conclusion: Positioning for the Future
While the broader market remains volatile, these three tokens – Optimism, Aster, and Maple Finance – illustrate how whales are strategically positioning for long-term growth. By focusing on assets with solid fundamentals and technical setups, they’re preparing for a potential market rebound. If you’re considering diving into crypto, these tokens might be worth exploring – but always conduct your own research before investing.
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