Two days after the Black Friday crypto crash, market sentiment is beginning to stabilize, and crypto whales are already making their move. On-chain data reveals that several altcoins are seeing renewed accumulation, as large holders strategically rebuild positions while prices remain at post-crash lows.
Three of these coins are backed by sizable whale inflows, product launch excitement, and improving technical setups. Some also see parallel smart money infusion, while others seek a breakout of key patterns (or higher targets), signaling early signs of strength.
Dogecoin (DOGE)
Dogecoin (DOGE) has emerged as one of the first altcoins crypto whales are aggressively buying following the recent crash. Mega whales, holding over 1 billion DOGE, were among the first to react, making significant purchases during the market selloff.
The momentum has now shifted toward mid-tier whales, who control between 100 million and 1 billion DOGE. These whales increased their balances from 27.56 billion to 29.81 billion DOGE since October 11, translating to a net gain of about 2.25 billion DOGE, valued at approximately $475 million at current market prices.
This fresh wave of accumulation indicates a restored confidence in DOGE’s rebound potential, suggesting that large holders are positioning themselves for a possible continuation of the recovery trend.
On the technical front, the DOGE price is teetering just under a critical resistance level at $0.214, forming a symmetrical triangle pattern. A breakout above this resistance point could signal a short-term uptrend, with potential targets of $0.242, $0.254, and $0.270 on the horizon.
However, if the price falls below $0.205, it may delay recovery and expose DOGE to levels around $0.185 and $0.178.
Additionally, the Smart Money Index (SMI), which gauges the activity of experienced investors relative to retail participation, has shown a positive uptick. This trend suggests a growing alignment between seasoned traders and the larger whale community.
Synthetix (SNX)
Synthetix (SNX) has shown remarkable resilience, being one of the strongest rebounders post-crash. The token surged over 80% in just 24 hours, reaching a 10-month high, primarily driven by renewed excitement surrounding its upcoming perpetual DEX on Ethereum.
On-chain analytics reveal that whales are significantly contributing to this upward momentum. Whale wallets holding large quantities of SNX have increased their positions by 86.2% within a single day, controlling approximately 1.21 million SNX. This is equivalent to an addition of roughly 560,000 SNX, valued at nearly $1.23 million at an average price of $2.20.
From a technical standpoint, SNX has successfully broken out of an ascending channel on the daily chart, a bullish formation that often indicates continuation. This breakout could project a staggering 212% upside from the breakout point, with a target near $6.0. Key resistance levels are noted at $2.27, $3.11, and $3.96, with a breakout beyond $4.48 validating the larger upward momentum.
If the price dips below critical support levels of $1.74, $1.56, and $1.10, particularly the latter, it would flip the SNX price structure into a bearish sentiment.
The pace of whale accumulation suggests that SNX may maintain its position above immediate support zones while aiming for even higher targets as the DEX launch approaches and market sentiment stabilizes.
Aster (ASTER)
Aster (ASTER) has caught the attention of the market as a burgeoning perpetual DEX project on the BNB Chain, especially after its explosive debut and innovative cross-chain trading model. With features that allow users to trade using yield-bearing collateral, Aster has attracted significant interest from whales and smart money post-crash.
Recent metrics show that whale holdings have increased by 4.06% over the last 24 hours, now totaling 46.57 million ASTER. This comprises an addition of about 1.82 million ASTER, worth approximately $2.7 million at an average price of $1.50.
This gradual buildup aligns with a similar pattern observed in smart money and public figure wallets, which have expanded their holdings by 7.82% and 16.64%, respectively.
The synchronized accumulation across key investor demographics indicates a budding confidence that ASTER’s rebound is likely sustainable rather than a mere short-term price recovery.
From a technical perspective, Aster’s 4-hour chart depicts the token trading within a bullish pennant, a formation commonly seen before continuation patterns. For this bullish setup to be confirmed, the price must break above $1.75, the upper trendline. Such a breakout could lead to movement beyond $1.88, potentially opening pathways towards $2.10 and $2.20.
However, a drop below the key support level of $1.43 could trigger price declines to levels around $1.27 or even $1.15.
