The coin index, which proudly claims to be Made in USA, wrapped up the first week of September with more than 7% gains. This feat, astonishingly, is mostly thanks to a couple of tokens like Worldcoin and WLFI, who made bold moves. Yet, as quickly as the rise came, a swift decline seems to loom. But, fear not! Attention is now firmly fixed on three tokens that may just steal the spotlight.
These tokens are practically begging to be noticed with their bullish chart patterns, all while attracting the attention of whales (yes, the ones with enormous wallets) and smart money. It seems traders are getting ready for a possible momentum surge before the supposed rate cuts this month. How thrilling! 🙄
Chainlink (LINK)
The first token to catch our eye is none other than Chainlink (LINK). Though it had a rather dull week, dropping by a meek 2.1%, there’s more beneath the surface. Over the past 30 days, LINK has only risen a modest 5.6%. But don’t be fooled, dear reader, heavy accumulation is underway, lurking like a storm before the calm.
Whales have been busy, increasing their holdings by a jaw-dropping 28.48%, adding approximately 1.1 million LINK to their ever-growing treasure troves. That’s worth around $24.7 million! And exchanges? Well, they tell an even juicier tale, with 6.46 million LINK moving out-yes, you read that correctly-almost $145 million just vanished off exchanges like Houdini.
Now, let’s talk about the Relative Strength Index (RSI). I know, I know-technical jargon. But bear with me, as this is where it gets fun! The RSI (measuring price strength) has been showing some interesting signals, and we see a hidden bullish divergence lurking around. Between July 1 and August 2, LINK’s low climbed higher while the RSI trailed behind. What did that lead to? Oh, just an 80% gain in price. 👏
Now, of course, no one can predict the future, but a similar setup is emerging. If LINK holds above $21.38, things look promising. But if it drops below that, brace yourselves for the possibility of $18.63 or $15.44. On the upside? $24.74 is in sight, and if we break past $27.86, well, we might just be off to the races again.
Pudgy Penguins (PENGU)
Ah, Pudgy Penguins (PENGU) – don’t you just love the name? While the token has faced a correction of about 17% in the past month, it has shown impressive resilience with a 8% bounce in the last 24 hours. You go, little penguins! 🐧 With 7-day gains now at 11.6%, it’s certainly one to watch. Hold onto your hats, folks, because these waddling creatures may just be waddling their way to the moon.
Smart money has been eagerly adding to its stash-up 6.65% in just the last 24 hours. We love a good pre-rate-cut acquisition, don’t we? And, here’s where it gets interesting-there’s a hidden bullish divergence in play. What’s that? Oh, just a subtle hint that despite some short-term weakness, the overall trend is set to resume. It’s like a small boat rocking in a big storm, but you know the calm is coming.
If momentum holds, PENGU’s resistance level stands at $0.032. Should it clear that, we could be looking at $0.036 and $0.041. But tread carefully, if it falls below $0.027, well, it might just need a little nap before trying again. 😴
Cardano (ADA)
Finally, we arrive at Cardano (ADA). This token rounds out our list with signs of a potential rebound. Sure, ADA has slipped a smidge recently, but whale activity tells a different story. The whales, who evidently don’t need to worry about rent this month, have been busy expanding their ADA holdings.
The cohort holding 10 million to 100 million ADA has increased its stash by 140 million ADA, worth a solid $117.6 million. That’s some serious shopping right there. 💸
But wait, there’s more! A “golden crossover” on the 4-hour chart suggests the winds are shifting. The 20-period exponential moving average (EMA) has crossed above the 50-EMA. How delightful! Traders often see this as a bullish signal, and it certainly adds fuel to the fire for ADA’s future gains.
Now, the next hurdle for ADA is $0.85. Break through that, and we could be looking at $0.86-$0.87, with a dream of hitting $0.96 if the stars align. On the flip side, if ADA dips below $0.80, well, we may just need to cool our heels until next time.
With the whales backing it and technicals showing improvement, Cardano might just be ready for another big move this September. Let’s cross our fingers, shall we?
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2025-09-08 21:33