What Altcoins Whales Are Buying After the Early November Crypto Crash?
Whales are accumulating Aster (ASTER), Bio Protocol (BIO), and Syrup (SYRUP) following the early November crypto market crash, signaling potential recovery plays.Summary
Despite the unexpected early November crypto crash, on-chain data reveals that large holders, or whales, are quietly accumulating specific altcoins showing strong technical setups for a potential rebound. One such token is Aster (ASTER), a BNB Chain project, where whales increased holdings by 12.58% while the price shows a bullish divergence on the RSI within a falling wedge pattern, suggesting a possible reversal above $1.28.
Bio Protocol (BIO), an Ethereum-based DeSci project, is also seeing significant whale accumulation, with holdings increasing by 87.07% in 24 hours. This accumulation aligns with the On-Balance Volume (OBV) indicator attempting to break a long-term resistance trendline, hinting at stabilizing selling pressure.
Finally, Syrup (SYRUP), a DeFi token for Maple Finance, experienced aggressive accumulation from two whale cohorts immediately after the crash. This is supported by a daily RSI bullish divergence and the Chaikin Money Flow (CMF) breaking above its downward trendline, indicating renewed capital inflows and confidence among large holders.
(Source：BeInCrypto)