What Altcoins Whales Are Buying After the Early November Crypto Crash?
The early-November crypto crash caught the market off guard, contradicting expectations of a robust, bullish month. Between November 4 and 5, sharp pullbacks throughout main tokens disrupted sentiment and erased short-term positive aspects. Even so, altcoins that whales are shopping for proceed to face out.
On-chain knowledge exhibits massive holders quietly accumulating tokens that show breakout constructions, early divergences, and stronger technical setups. All are indicators that large cash might already be positioning for the subsequent leg of restoration with or with out retail participation.
Aster (ASTER)
The first altcoin that whales are buying after the early-November crash is Aster (ASTER), a BNB Chain mission centered on decentralized buying and selling. In the previous 24 hours, Aster whales have elevated their holdings by 12.58%, now proudly owning 43.62 million ASTER.
This means whales added roughly 4.9 million tokens, price about $5.46 million at the present value. Interestingly, alternate balances rose by 0.72%, exhibiting that whereas whales are quietly accumulating, some retail or early buyers are possible taking earnings — a sample typically seen when whales are shopping for altcoins throughout early restoration phases.
Want extra token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
On the technical entrance, ASTER continues to trade inside a falling wedge. It is a sample that normally indicators a possible bullish reversal as value compresses. The token’s sharp drop on November 4 was adopted by a transparent bullish divergence on the Relative Strength Index (RSI). It is a momentum indicator that compares latest positive aspects and losses to establish whether or not an asset is overbought or oversold.
Between October 10 and November 3, ASTER’s value made a decrease low whereas RSI shaped a better low, hinting that promoting stress is easing. Since then, the ASTER value has been transferring up steadily.
If this momentum continues, a breakout above $1.28, adopted by $1.53 — roughly 36.8% larger from present ranges — would verify the transfer and open a possible path towards $2.21. That would imply a wedge breakout and switch the ASTER value construction fully bullish.
However, the key assist stays at $0.93, and if that fails, Aster might revisit $0.81 or decrease if broader market circumstances weaken additional.
Bio Protocol (BIO)
The subsequent altcoin that whales are shopping for after the early-November crash is Bio Protocol (BIO), a decentralized science (DeSci) project built on Ethereum. Despite being down 44.2% in the previous month, the token has traded flat over the previous 24 hours — suggesting that the sharp sell-off may be stabilizing.
In the final day, Bio Protocol whales have elevated their holdings by 87.07%, now holding 1.89 million BIO. That means they’ve added about 880,000 tokens. Mega whales — the high 100 addresses — additionally expanded their holdings by 0.07%, now sitting at 2.98 billion BIO, including one other 2.09 million tokens. Together, whales and mega whales picked up almost 2.97 million BIO, valued at near $226,000 — exhibiting quiet however clear accumulation at decrease ranges.
The technical setup helps this accumulation section. The On-Balance Volume (OBV) indicator, which measures cumulative shopping for and promoting by including quantity on up days and subtracting it on down days, has been forming a downward trendline since late September.
Between September 21 and October 27, OBV shaped a sequence of decrease highs, creating a transparent resistance slope. On November 2, BIO’s OBV briefly broke above that line, resulting in a value uptick between October 31 and November 2. Although the transfer failed initially, a brand new breakout try has begun, marked by a inexperienced day by day candle.
If this OBV breakout sustains, the first resistance to look at lies close to $0.097, which aligns with the 50% Fibonacci retracement. A detailed above that might open the path towards $0.12 and $0.16, confirming bullishness. However, if BIO loses $0.066, it will fall again below its OBV trendline — signaling renewed weak spot. That might make the bears’ eye new BIO value lows.
Syrup (SYRUP)
The third altcoin that whales are buying is Syrup (SYRUP). It is a DeFi token that powers Maple Finance’s staking and lending platform. Whale accumulation in Syrup has accelerated notably since November 4, instantly following the market-wide pullback.
Two whale cohorts have been main this transfer. The bigger group, holding between 100 million and 1 billion SYRUP, has elevated its steadiness from 447.95 million to 448.18 million SYRUP. That meant including round 230,000 tokens in simply two days. Meanwhile, smaller whale addresses holding 10 million to 100 million SYRUP have made a a lot stronger push. They raised their collective holdings from 397.29 million to 425.09 million SYRUP — a rise of about 27.8 million tokens.
Together, each cohorts have added almost 28 million SYRUP (price $11.50 million), reflecting clear confidence returning amongst massive holders.
This aggressive accumulation aligns with key technical indicators. Between August 25 and November 4, the RSI (Relative Strength Index) on the day by day chart shaped a bullish divergence. The value made decrease lows whereas RSI shaped larger lows, typically an early signal of development reversal.
Adding to that, the Chaikin Money Flow (CMF), which tracks whether or not capital is flowing into or out of an asset, has simply damaged marginally above its downward trendline drawn from October 14. This suggests recent inflows from massive wallets, additional validating the whale-led accumulation.
The subsequent affirmation for SYRUP’s restoration can be if the CMF strikes above zero, which might validate sustained shopping for momentum. On the value entrance, the first main resistance lies close to $0.46, about 13% above present ranges of $0.41. A detailed above it might push SYRUP towards $0.53 and past. On the draw back, robust assist sits at $0.36, and if that fails, the token might retest $0.31 or decrease.
The put up What Altcoins Whales Are Buying After the Early November Crypto Crash? appeared first on BeInCrypto.
