Crypto whales are buying again. Following a cooler U.S. consumer price index, big investors have began increasing risk quite than decreasing it. Declining inflation, weaker labor market data and rising expectations of rate of interest cuts are regularly changing the best way capital is allocated. These purchases should not focused on a single topic.
Whales are making DeFi, political narratives and old meme coins more popular. This mix is essential. This suggests this isn’t a retail move, but quite early positioning for a broader shift in sentiment, even when prices remain largely range-bound for now.
Curve DAO Token (CRV)
Crypto whales are buying Curve DAO tokens at the same time as the broader market struggles to search out direction. CRV continues to be down about 20% during the last month, however the behavior of whales suggests that this weakness is being viewed as a possibility quite than a warning signal.
In the last 24 hours, whales have increased their CRV holdings by 8.56%, increasing their supply to three.96 million tokens. This equates to roughly 312,000 CRVs added in a single day. The size isn’t huge, however the timing is very important. Whales are taking motion as sentiment stays fragile after cooler US CPI reading improves longer-term rate cut prospects.
CRV Wale: Nansen
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From a pricing perspective, CRV pricing still looks weak on the surface. The token made lower lows between early November and mid-December. But Momentum tells a distinct story. The RSI or Relative Strength Index indicator, which measures buying and selling strength, has formed the next low over the identical period. This divergence often signals that selling pressure is easing and a trend reversal could follow.
For confirmation, CRV must reclaim $0.38, with $0.41 serving as a key level limiting rallies since early December.
CRV Price Analysis: TradingView
A clean break could support a trend reversal. If the value falls below $0.33, the setup will weaken and whales' conviction could stall.
Official Trump (TRUMP)
The official Trump token is back on whales' radar following expectations that the cooler US consumer price index will ease pressure on risk assets. TRUMP continues to be down nearly 40% over the past three months, but this weakness appears to be attracting early positioning. With inflation cooling and rate of interest cut expectations rising again, politically sensitive tokens are seeing renewed interest.
In the last 24 hours, crypto whales have increased their TRUMP holdings by 17.97%, increasing their supply by over 680,000 tokens. At the present price, this complement alone is price about $3.5 million. This isn't an aggressive chase. It looks more like early accumulation while sentiment continues to be cautious.
Diagrams help explain timing. The Smart Money Index, which measures the position of experienced traders, has began to maneuver higher after a downward trend since December ninth. This shift suggests that informed buyers could also be preparing for a recovery quite than reacting to it.
The price level stays crucial. TRUMP needs to remain above $4.96 to maintain this recovery structure intact. If buyers manage to interrupt clear above $6.05, a level that has limited upside since late November, bullish momentum could strengthen. On the opposite hand, a each day close below $4.96 would weaken the whale thesis and reopen downside risk.
Currently, crypto whales seem like betting that easing inflation and increasing political liquidity could give TRUMP room to stabilize before the broader market reacts.
Dogecoin (DOGE)
Dogecoin is the most important name on this list when it comes to market capitalization. In the last 24 hours, medium-sized Dogecoin whales holding between 10 and 100 million DOGE have increased their total balance from 17.38 billion to 17.40 billion DOGE. This is a rise of around 20 million DOGE.
At the present price, this represents an accumulation price roughly $2.6 million. The number isn’t huge, however the timing is crucial. These wallets had already reduced their exposure previously, so this move could mean something within the immediate wake of the US CPI data set announcement.
Whales could also be reacting to early signs of a technical base. Between November 4th and December 18th, Dogecoin price made a lower low, however the RSI recorded the next low. This bullish divergence often shows that selling pressure is easing. Dogecoin is already up around 2-3% within the last 24 hours, suggesting that buyers are testing the waters.
The most vital levels are clear. $0.13 is the primary line within the sand and has limited recent rallies. A clean each day close above $0.15 would confirm a trend recovery. This move implies an upside potential of around 19% from current levels and will open upside objectives.
The risk stays. A break below $0.12 would kill the rebound idea and reveal deeper downside risks. Currently, crypto whales are cautiously buying Dogecoin, betting that easing macro pressures could bring meme coin risk back into play.
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Article source: beincrypto.com
The post What Crypto Whales Are Buying After a Cooler US CPI Print appeared first on Crypto Adventure.
