It is on the agenda that there will be a technical explosion for 2 altcoins. Moreover, this explosion will be reflected in the price. Let’s have a look at the details.
Explosion signal for altcoin link
Chainlink (LINK) is generating significant interest among the heavyweights in the market. In particular, a whale has made significant LINK purchases recently. It has sparked renewed interest and speculation about LINK’s potential price performance for the foreseeable future. In a recent transaction, a whale bought 411,142 LINK for an average price of $8.06. The purchase amount is equivalent to 3.3 million dollars. Accordingly, he spent 1,757 stETH, which corresponds to the figure. This move, which took place a few hours ago, was not an isolated incident.
The same whale spent 500,000 USDC on July 20 to purchase 65,723 LINK at $7.61. Accordingly, he had already shown great interest in Chainlink. These significant buys represent a bullish signal for altcoin LINK. It also adds to the recent upward price trajectory. The price of LINK has been on the rise recently, surpassing the $8 price level. On the other hand, it gained an impressive 8% in a single day. These notable increases are in part attributed to whales accumulating tokens. The optimistic emotion these whales convey is often a strong indicator of an asset’s potential.
Warnings to investors
However, despite the current uptrend, investors should be mindful of the potential for price reversal. Altcoin LINK’s RSI aka Relative Strength Index is currently forming a double top pattern. This pattern is often seen as a bearish signal. It also indicates that the asset may be overbought and a correction needs to be made.
The accumulation of major players often leads to positive market sentiment. On the other hand, the double top pattern on the RSI reminds investors that the price of altcoin LINK may soon experience a pullback. As always, whale movements hint at potential future price movements. However, investors should do their due diligence and consider market volatility.
The once popular meme coin PEPE is back on the agenda
The meme coin PEPE, which has dominated the market in recent months and even guaranteed to be listed on Binance with significant price increases, is making a remarkable comeback, preparing to mark the upcoming bull run.
Other meme coins like DOGE and altcoin SHIB are losing their appeal. But cryptocurrency whales are now focusing only on the altcoin PEPE. In hopes of witnessing an increase in value, these whales are actively accumulating altcoin PEPE tokens.
A giant whale re-enters the market
A prominent whale, who previously made a staggering $600,000 profit from trading altcoin PEPE, has resurfaced on the scene. Accordingly, altcoin PEPE once again started to collect. Look On-Chain, a reliable data provider, shared important information about the trading activities of this whale on its official Twitter account.
Accordingly, the whale has bought 3 million dollars worth of altcoin PEPE. The same whale received PEPE on June 27 and July 5. Total purchases at that time stood at $6.46 million. On July 14, it had purchased PEPE for $ 7.06 million.
Current trading status of altcoin PEPE
At the time of this writing, altcoin PEPE is trading at $0.0000015. Cryptocurrency has been relatively quiet compared to other cryptos in recent days. But the influx of whale investments could trigger significant price increases in the near future.
cryptocoin.com On the face of it, with the return of cryptocurrency whales and renewed interest in altcoin PEPE, the meme coin is poised to make a resounding comeback, garnering attention and potential profits in the upcoming market uptrend. Investors and traders are watching the token’s trajectory closely as they expect significant price movements in the coming period.
23,000% share from Analyst Ali Martinez
The popular meme coin Dogecoin is making waves once again. There is a recent tweet by famous analyst Ali Martinez. Accordingly, it has made waves in the crypto community, signaling a significant rally potential for DOGE.
In a rapidly gaining Twitter post, Martinez highlighted an intriguing pattern in Dogecoin’s monthly chart. According to the analyst, the last time a descending triangle was formed on the weekly chart, DOGE experienced an astonishing 23,200% pum move. Now, as history may repeat itself, Martinez is watching closely for crucial resistance for confirmation. At this point, Martinez said, “Dogecoin: The last time a descending triangle formed on the weekly chart, DOGE gained 23,200%. I will be looking at a sustained monthly close above $0.80 for confirmation.” says.
For Dogecoin, the journey has been a rollercoaster ride. In January 2018, DOGE hit an all-time high of about $0.02. But it entered a long consolidation phase over the next three years, forming the descending triangle.
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