3 Meme Coins Whales Are Buying In The Fourth Week Of October

Meme coin whales are shopping for once more, even because the broader sector struggles. The meme coin house has dropped 6.8% over the previous seven days and over 2% within the final 24 hours, rating among the many worst-performing classes this week.

Yet, that weak spot isn’t scaring off massive holders. Despite practically each main meme coin correcting sharply, some over 20%, whales are quietly accumulating three tokens. This hints at rising conviction and early positioning for the following transfer.

Dogecoin (DOGE)

Dogecoin is one among the many meme coins whales are shopping for once more this October. The token has been buying and selling flat over the previous 24 hours, round $0.19, displaying indecision between patrons and sellers.

Yet, whale exercise suggests quiet accumulation beneath the floor.

Data reveals two massive cohorts have elevated holdings since mid-October. Wallets holding over 1 billion DOGE grew from 69.8 billion to 71.39 billion tokens. That’s an addition of 1.59 billion DOGE, price roughly $302 million at present costs.

Another group holding between 10 million and 100 million DOGE rose from 24.24 billion to 24.45 billion, including about 210 million tokens price $40 million.

The shopping for spree occurs at a time when the DOGE value has been buying and selling down by over 4%, day-on-day.

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This shopping for seems to align with Dogecoin’s technical setup. On the each day chart, DOGE continues to maneuver inside a narrowing falling wedge, a construction that always precedes an upside breakout.

A 25% rise from present ranges might push the value above the higher boundary close to $0.24, probably unlocking targets at $0.26 and $0.30.

If DOGE loses $0.19, a pullback to $0.18 stays attainable, however solely a drop beneath $0.17 would expose the value to deeper weak spot close to $0.14.

Also, because the wedge’s decrease trendline solely has two clear touchpoints, it stays weaker and weak to a breach if the DOGE value drops and whales begin offloading.

Pepe (PEPE)

PEPE has quietly become another target for meme coin whales within the fourth week of October. The token, at present rating 51 amongst all cryptocurrencies, is down 31% over the previous 30 days and has traded flat within the final 24 hours. But massive holders seem like utilizing this lull to purchase the dip.

Data reveals that PEPE whales have elevated their holdings from 155.62 trillion to 155.84 trillion tokens since October 21 (yesterday), an addition of 0.22 trillion PEPE, price round $1.5 million on the present value of $0.0000068.

This gradual however constant accumulation close to help hints that whales are positioning for a rebound quite than an prolonged decline.

On the 12-hour chart, PEPE has simply reclaimed the $0.0000068 resistance stage. If the value holds, the following upside targets sit close to $0.0000097 and $0.000012, representing a possible 40% achieve.

Between October 11 and 17, the value made decrease lows whereas RSI made increased lows — a bullish divergence that always precedes short-term rebounds.

The Relative Strength Index (RSI) tracks value momentum. A divergence between RSI and value usually indicators a attainable pattern reversal.

If $0.0000063 breaks to the draw back, PEPE might drop towards $0.0000050, invalidating the short-term bullish setup. As lengthy as $0.0000063 holds, meme coin whales might proceed to again a restoration transfer for PEPE.

Useless Coin (USELESS)

Meme coin whales seem like doubling down on USELESS — one of many few tokens on this house displaying actual power as October ends.

While nearly each main meme coin has corrected over the previous week, USELESS has gained 4% up to now 24 hours. It can also be up practically 82% over the previous 30 days, proving it’s nonetheless attracting robust shopping for curiosity.

That regular rise appears to have (*3*) In the previous day, whales have been shopping for once more, growing their holdings by 1.15% to a complete of 247.72 million USELESS. That’s an addition of roughly 2.81 million tokens, price about $843,000 on the present value of $0.30.

The prime 100 addresses (mega whales) have expanded their collective stability by 7.9% to 602.42 million USELESS. That can be an addition of round 44 million tokens, price practically $13.2 million.

On the each day chart, USELESS is buying and selling inside a continuation “flag-like” sample. That may very well be the explanation why it’s getting whale consideration.

This channel-like sample must be termed a continuation sample (not the same old flag and pole) because the flag construction seems longer than the pole. Either method, an in depth above $0.33 might set off a breakout. And that might probably ship costs towards $0.46, $0.59, and even $0.80 — a transfer of round 140%, whereas the pole projection targets positive factors as much as 317%.

If $0.25 fails, the following help sits close to $0.20, which might invalidate the bullish setup. But with meme coin whales shopping for into power and technicals displaying continuation, USELESS stands out as one of many uncommon meme cash the place patrons nonetheless dominate.

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