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Crypto Whales Are Ready for the Bull Run and Are Accumulating These Cryptos

Crypto Whales Are Ready for the Bull Run and Are Accumulating These Cryptos

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In today's dynamic crypto market, key players known as "crypto whales" are making strategic moves, signaling a significant trend. These investors have begun to gather more of select cryptocurrencies, hinting at a strong market upturn. The current environment suggests that they anticipate substantial growth ahead, reminiscent of the lively phase that typically follows subdued market conditions. This article delves into which cryptocurrencies are drawing the attention of these influential market participants.

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Jupiter's Steady Ascent: How Long Will It Last?

Jupiter's price remains in a narrow band between $0.98 and $1.16, suggesting a stable pattern, while a slight one-week dip of 5.22%. Over the past month, Jupiter has climbed by 9.83%, and impressively, over six months, it skyrocketed by 3446.00%. The coin seems to be maintaining its ground, with minor fluctuations, hinting at more of a corrective move currently. However, with the Relative Strength Index at 48.13, it's neither overbought nor oversold, and the MACD level is a bit positive. The Jupiter coin could test the first resistance level at $1.26 soon if the momentum continues.

Polkadot Price Movement and Future Outlook

Polkadot's recent market behavior shows a price fluctuation between $6.32 and $7.20. Despite a drop over the past week, it gained over the previous month and has seen a significant rise in the past six months. The current trend appears to be more corrective than impulsive, as indicated by the RSI and stochastic values signaling potential undervaluation. With resistance up ahead at $7.77 and support at $6.01, the coin's direction might depend on its ability to sustain above these levels. The simple moving averages suggest a relatively stable price motion, yet the negative MACD value calls for cautious observation of the coin's trajectory.

Celestia Token (TIA) Sees Volatile Market Moves

Celestia (TIA) has had a bumpy ride with its price ranging between $8.51 and $10.23 recently. It's below the $11.33 resistance level, and just above the support at $7.89. Over the past week, TIA dropped by more than 14%, and it's down nearly 13% from a month ago. However, looking back six months, investors have seen a close to 50% gain. The current trends suggest the TIA price is undergoing corrective movements as it's under the simple moving averages for both 10 and 100 days, and indicators like RSI and Stochastic show the coin isn't in an oversold or overbought territory. The MACD level indicates a negative momentum, suggesting the coin may continue seeing downward pressure in the short term.

Starknet Price Analysis: Struggling STRK Seeks Direction

In the past week, Starknet's coin price went down over 12%, and this month it dropped about 18%. Despite this recent dip, the coin is up almost 475% in the last six months. Right now, prices are between $1.11 and $1.35. The resistance, where the price might struggle to rise further, is at $1.51 and then $1.75. On the downside, support levels are at $1.03 and $0.79, which could hold the price from falling. Starknet's coin is showing a downward trend, but it has grown a lot from six months ago.

Conclusion

Big players in the crypto market are gathering specific coins like JUP, DOT, TIA, and STRK. These coins might not soar in value quickly, but they're being picked up by those preparing for market growth. Attention is also on CYBRO, a unique marketplace coming from the Blast blockchain. CYBRO is launching in the second quarter of 2024. It promises real earnings for users by taking advantage of Blast's yield opportunities. There is a chance now to buy CYBRO tokens before they're widely available. Getting in early can mean better deals for those who act fast.

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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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