🐳🐳😱Whales are winking at these Altcoins, the big bullish wave may be near😱🐳🐳
According to on-chain data analysis provided by Santiment, whale activity in Cardano ( ADA ) , Shiba Inu (SHIB), and JasmyCoin (JASMY) have all more than doubled this week compared to this year’s average.
Specifically, on-chain transactions exceeding $100k on the above networks have experienced a sharp uptick this week, thus signaling heightened accumulation.
Cardano (
$ADA ) Price Action
Since the bullish breakout of the Cardano price last year, the large-cap altcoin, with a fully diluted valuation of about $20 billion, has been consolidating in a megaphone structure year-to-date.
Having established a solid support level above 43 cents and the 50 weekly Moving Average (MA), #ADA price against the US dollar is on the cusp of a major bullish uproar.
#ShibaInu Price Action
Amid the ongoing meme coin frenzy,
$SHIB price has been attempting to mirror frog-themed Pepe ( PEPE ), and Floki Inu (
#FLOKI ). The large-cap meme coin, with a fully diluted valuation of about $25 billion, has signaled an inevitable bullish pump after establishing a support level around $0.00021, which coincides with the weekly 0.618 Fibonacci Retracement.
JamsmyCoin (
#JASMAY )
The mid-cap altcoin, with a market cap of about $1.8 billion and a daily average traded volume of around $211 million, has been rising since the beginning of the year. From a technical standpoint,
$JASMY ’s price against the US dollar is attempting to enter a bullish phase as the weekly Relative Strength Index (RSI) hovers around 68 points.
#altcoins