Altcoins Bleed, Whales Accumulate — Why the Smart Money Is Quietly Buying SOL, SPX & ARB

As the broader market struggles, large investors are making strategic moves. Key altcoins are showing promise, attracting substantial interest from seasoned players. Discover why insiders are quietly building positions in certain digital currencies, hinting at potential opportunities for savvy traders. Insight into three promising tokens, their potential growth, and the factors driving this discreet accumulation awaits within.

Solana Shows Promise Despite Recent Dips in Price

Source: tradingview 

Solana's current price hovers between the mid-$160s and low-$230s. Recently, it faced a drop of around 23.5% over a month but showed a six-month gain near 30%. The coin is now aiming to rise past its nearest resistance at $269. If it breaks this, it might target the $336 mark next. This would mean an increase of around a quarter to more than 40% from its current high. Meanwhile, the coin's RSI at 42 suggests it's not oversold or overbought, giving it room to grow. With a good push, Solana could regain its momentum in the market.

SPX6900 Shows Potential for Strong Gains

Source: tradingview 

SPX6900 (SPX) is currently trading between sixty-eight cents and one dollar eighty-four cents. The price is hovering around the ten-day simple moving average of a dollar. There's room for growth with a nearby resistance level at two dollars thirty-four cents. This suggests a possible increase of around twenty-seven percent if it breaks through. If momentum continues, it might even reach the second resistance at three dollars fifty-one cents, marking an impressive gain of about ninety-one percent from current levels. Keep an eye on trends, as the nearest support sits near half a cent, which reflects significant volatility.

Arbitrum (ARB) Looks Poised for a Rebound with Key Resistance in Sight

Source: tradingview 

Arbitrum's current price hovers between fourteen cents and half a dollar, showing a notable decline recently. Yet, there's potential for uplift. Over a week, ARB fell by nearly 28%, while the past month saw a drop of 39%. However, the half-year change is positive, suggesting resilience. With the RSI at about 39, ARB might climb, aiming for resistance near sixty-six cents, a potential leap of over 60% from lower price limits. The one-dollar mark looms as another target, indicating more than a 100% rally is possible if market conditions improve. These levels are crucial for any upward momentum.

Conclusion

Market trends show a drop in altcoin prices. Meanwhile, large investors are quietly gathering SOL, SPX, and ARB. This behavior suggests confidence in the potential growth of these tokens. While the market shows a decline, strategic investing in these specific coins indicates a longer-term vision focused on potential gains.

 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.