What Crypto Whales Are Buying After FOMC Rate Cuts
Following the FOMC rate cut, crypto whales are accumulating Cardano (ADA), Ethena (ENA), and Aster (ASTER), signaling potential rebounds.Summary
Despite the US Federal Reserve's 25-basis-point rate cut failing to significantly boost the crypto market, large investors, or "whales," are quietly accumulating specific tokens showing reduced selling pressure and strong technical setups.
Cardano (ADA) has seen accumulation from whales holding 1 million to 10 million tokens, adding about $12.8 million worth of ADA. Technically, ADA is consolidating in a symmetrical triangle, holding the $0.64 support, with potential upside toward $0.68.
Ethena (ENA) is another focus, with large whales increasing holdings by $46.2 million. ENA is trading within a bullish falling broadening wedge pattern, holding the key $0.41 support, suggesting a potential reversal toward $0.45 and $0.53.
Lastly, Aster (ASTER) experienced aggressive whale buying, increasing their stake by 26.43%. ASTER is also in a bullish falling broadening wedge, supported by a bullish divergence on the RSI, with immediate targets at $1.12 and $1.28, provided it maintains the $0.93 support level.
(Source：BeInCrypto)