What Crypto Whales Are Buying After December FOMC Rate Cuts
Despite cautious post-FOMC sentiment, crypto whales are accumulating Aster (ASTER), Maple Finance (SYRUP), and Pudgy Penguins (PENGU) based on technical indicators.Summary
Following the Federal Reserve's cautious tone after the December FOMC meeting, which kept crypto prices weak, large crypto investors, or whales, are accumulating positions in three specific tokens: Aster (ASTER), Maple Finance (SYRUP), and Pudgy Penguins (PENGU).
For ASTER, whales increased holdings by 7.35% in 24 hours, likely due to a hidden bullish divergence between price and RSI, suggesting fading selling pressure. A close above $1.08 is needed for a potential rally toward $1.40.
Maple Finance (SYRUP) saw mega whales increase holdings by 4.9% despite a 40% monthly drop. Accumulation centers around the $0.23 support level, reinforced by a short-term bullish divergence on the RSI. A break above $0.31 could target $0.48.
Finally, whales are buying Pudgy Penguins (PENGU) despite a 10% daily dip, with both whales and mega whales increasing their stash significantly. This buying aligns with the formation of a bullish inverse head and shoulders pattern, suggesting whales anticipate a breakout above the $0.014 neckline toward a potential 35% gain.
(Source：BeInCrypto)