As the cryptocurrency market rebounds on news of easing U.S. inflation, whale investors have started moving again. On Jan. 14 (local time), blockchain media outlet BeInCrypto introduced three coins drawing attention in the new year.
First, Dogecoin (DOGE) Dogecoin has recently been rising and is posting a return of 7.6 percent as of the 30th. On-chain data show whales holding 10 million to 100 million DOGE bought an additional more than 160 million DOGE, worth about $23.5 million. On the daily chart, Dogecoin has regained both its 20-day and 50-day exponential moving averages (EMA) and is maintaining an uptrend, with the next resistance seen at $0.154.
This move draws attention because it resembles last July, when Dogecoin regained its 20-day and 50-day EMAs in succession and surged 73 percent. The 20-day EMA is now nearing the 50-day EMA, increasing the likelihood of an additional bullish crossover (golden cross).
The market sees whether it breaks above the first resistance at $0.154 as a key variable. Analysis says that if it clears that level, it could move beyond a simple short-term rebound and expand gains to $0.209 through a full trend reversal. If it fails to hold key moving averages, it could face further correction to $0.115, it says.
Second, Chainlink (LINK) Chainlink is also gaining upward momentum as whale funds flow in for a second consecutive day.
On-chain data show Chainlink whale holdings rose by about 220,000 tokens over the past 24 hours, to 533.42 million from 533.20 million. That is worth about $3.1 million. It is not aggressive large-scale buying, but it is seen as a meaningful signal because accumulation has resumed alongside the market rebound.
The first task is for Chainlink to break above $14.10 on a daily closing basis and settle around $15.04. If those conditions are met, it is expected to reach $17.62, about 25 percent above the current price. Whales' re-entry is also seen as positioning with the possibility of such a technical rebound in mind.
Third, Uniswap (UNI) Uniswap is also nearing a technical inflection point, with whales' "cautious accumulation" spotted. Whales appear to be gradually increasing holdings while staying on the sidelines, rather than buying aggressively.
Data show whale Uniswap holdings have increased by about 200,000 UNI, worth about $1.1 million, since Jan. 13. This is seen as because the current Uniswap price sits just below the 20-day EMA, a technical resistance level, as they wait for a clear trend reversal signal. Past data show that each time Uniswap moved above this line, a full price surge tended to begin.
If Uniswap breaks above the 20-day EMA on a daily closing basis and regains the 50-day EMA, the uptrend is expected to strengthen further. In that case, it could rise as high as $8.13 after passing key resistance at $5.98 and $6.57. If it fails to hold support at $5.28, upward momentum could weaken and it risks falling to $4.74.
Ultimately, whether whales' accumulation leads to a full-fledged rally depends on whether each cryptocurrency breaks through its key resistance level. Technical turning points such as Dogecoin's $0.154, Chainlink's $14.10 and Uniswap's $5.98 are expected to be decisive in determining future prices.