Following the early-November crypto crash, large investors, known as “whales,” are quietly buying select altcoins, suggesting potential recovery in the market.
On-chain data shows whales focusing on tokens with strong technical setups and bullish signals. Three altcoins have attracted significant accumulation.
Aster (ASTER) – Whales increased holdings by 12.58%, now owning 43.62 million ASTER. Technical analysis indicates a potential breakout above $1.28, with upside toward $2.21. Key support is at $0.93, with a possible drop to $0.81 if market conditions weaken.
Bio Protocol (BIO) – Whales added 880,000 BIO tokens, with mega whales slightly increasing their holdings. Total accumulation reached 2.97 million BIO, valued at around $226,000. On-Balance Volume indicators suggest a breakout, with resistance at $0.097 and potential gains toward $0.12 and $0.16. Support remains at $0.066.
Syrup (SYRUP) – Whale groups added nearly 28 million SYRUP, worth $11.5 million. Indicators including RSI divergence and Chaikin Money Flow show renewed buying momentum. Resistance is near $0.46, with potential upside to $0.53, while support sits at $0.36.
Analysts say the accumulation signals growing confidence among large investors and may mark the early stages of a broader altcoin recovery.
