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WHALE ACCUMULATION: 3 Altcoins Whales Are Buying After the November Crash
The early-November crypto crash, which saw sharp pullbacks across major tokens, has prompted whales (large holders) to quietly accumulate specific altcoins that display signs of early recovery. On-chain data indicates big money is positioning for the next rally, focusing on tokens with strong technical reversal setups.
I. Whale Accumulation Criteria
Whales are identified by tracking the change in holdings of large wallet cohorts. They are accumulating tokens that display three key technical conditions: Breakout Structures: Tokens trading within patterns that typically precede a bullish reversal (e.g., falling wedges).Early Divergences: Instances where momentum indicators (like RSI) show a bullish divergence with price action, signaling easing selling pressure.Stronger Technical Setups: Indicators like On-Balance Volume (OBV) and Chaikin Money Flow (CMF) breaking resistance trendlines, confirming renewed capital inflows.
II. Altcoins Targeted by Whales
The analysis identified three specific altcoins experiencing significant whale accumulation: Aster (ASTER): A BNB Chain project focused on decentralized trading. Whales added approximately 4.9 million tokens, representing a 12.58% increase in their holdings in 24 hours. The technical setup for ASTER is supported by an RSI Bullish Divergence and the price trading inside a Falling Wedge reversal pattern.Bio Protocol (BIO): A decentralized science (DeSci) project built on Ethereum. Whales and Mega Whales combined added nearly 2.97 million BIO tokens, marking a substantial increase in whale holdings in one day. The key supporting technical setup is the On-Balance Volume (OBV), which is currently attempting a clean breakout above its long-term resistance trendline.Syrup (SYRUP): A DeFi token powering Maple Finance’s staking and lending platform. Two whale cohorts added nearly 28 million SYRUP (worth $11.50 million) in 48 hours. This aggressive accumulation aligns with a RSI Bullish Divergence and the Chaikin Money Flow (CMF) indicator breaking its downtrend, confirming fresh capital inflows from large wallets.
III. Key Metrics and Technical Setup for Each Coin
Aster (ASTER):Whale Metric: Whales increased their holdings by 12.58% in 24 hours, signaling a clear accumulation phase.Technical Support: The setup is supported by a Falling Wedge reversal pattern and a Bullish Divergence on the RSI (price made lower lows, while the momentum indicator made higher lows).Target: A breakout above $1.53 would confirm the move and open a path toward $2.21.Bio Protocol (BIO):Whale Metric: Whales and Mega Whales combined added approximately 2.97 million BIO tokens.Technical Support: The key technical signal is the On-Balance Volume (OBV) indicator, which is currently attempting a breakout above its downward trendline. A sustained breakout here would confirm that cumulative buying volume is overpowering selling pressure.Target: A successful OBV breakout targets the $0.097 resistance level, potentially opening the path to $0.16.Syrup (SYRUP):Whale Metric: Whale cohorts added nearly 28 million SYRUP in the two days following the crash.Technical Support: The setup is validated by an RSI Bullish Divergence and the Chaikin Money Flow (CMF) indicator breaking its downward trendline, signaling fresh capital is flowing into the asset from large wallets.Target: CMF moving above zero would confirm momentum, targeting the first major price resistance near $0.46 and potentially pushing toward $0.53.
IV. Conclusion
Following the November crash, large holders are strategically buying tokens that exhibit strong underlying technical strength and are confirming early signs of reversal, such as RSI bullish divergences and volume indicator breakouts (OBV/CMF). ASTER, BIO, and SYRUP are three altcoins where this whale accumulation is most evident, suggesting these tokens are positioned to potentially lead the next leg of recovery.
V. Disclaimer
This article is for informational purposes only and is based on third-party analyst commentary and on-chain metrics. It should not be considered financial, investment, or trading advice. The cryptocurrency market is highly volatile and speculative. Readers must conduct their own thorough research and consult with a qualified financial professional before making any investment decisions.