After two market crashes this month, altcoins are once again attracting the attention of large-scale investors. Despite widespread caution, crypto whales appear to be poised for an early rebound, purchasing major altcoins ahead of the expected October interest rate cut.
With the possibility of further Fed interest rate cuts emerging, three altcoins are quietly seeing large inflows. Whales have been buying these altcoins on the dip, demonstrating early positioning and growing conviction.
Dogecoin (DOGE)
First on the list is Dogecoin (DOGE). This is one of the few altcoins that shows clear signs of whale accumulation even after a sharp correction.
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Meme tokens have fallen more than 34% in the past 30 days, and crypto whales appear to be buying the drop. This may be in anticipation of a rate cut in October.
According to on-chain data, the whale population, which holds between 100 million and 1 billion DOGE, started increasing its supply again after October 16th.
Their combined holdings increased from 28.16 billion DOGE to 29.61 billion DOGE. This means approximately 1.45 billion DOGE was added. That equates to approximately $268 million at current DOGE prices.
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This new accumulation occurs when the daily chart shows the standard bullish divergence between price and the momentum indicator, RSI.
From June 22 to October 10, the price of DOGE made lower lows, while the Relative Strength Index (RSI) made higher lows. This is often a sign of a potential trend reversal.
Recovery momentum could be confirmed if Dogecoin closes the daily candlesticks above $0.188 and $0.217. From there, the next resistance levels are at $0.242, $0.269, and even $0.306 in the short to medium term.
However, the bullish setup may weaken if the price dips below $0.170.
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With FedWatch currently showing a 100% chance of an October rate cut, whales appear to be betting on monetary easing.
Cardano (ADA)
Next on the list is Cardano (ADA). It is another altcoin that has seen a significant amount of accumulation despite the price struggling. ADA has fallen nearly 32% in the past 30 days, but large holders appear to be taking advantage of the weakness and taking early positions, just as crypto whales did with Dogecoin.
Two major whale populations are actively accumulating. The larger group, which holds more than 1 billion ADA, began buying on October 12, increasing its holdings from 1.5 billion ADA to 1.59 billion ADA, and has remained stable since then.
The second cohort (100 million to 1 billion ADA wallets) started adding one day later on October 13th, increasing the supply from 3.91 billion ADA to 4.07 billion ADA.
They added incrementally over October 14th, 16th, and 17th, showing steady confidence despite ADA’s decline.
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At the current Cardano (ADA) price of $0.62, these whales have added approximately $150 million worth of ADA within a week. This increase in accumulation despite falling prices indicates that large holders are anticipating a possible trend reversal.
And they may be taking advantage of discounted pricing levels.
On the daily chart, ADA shows a strong bullish divergence between price and RSI. From February 9th to October 10th, the ADA price made new lows, while the relative strength index (RSI) made new lows, indicating that the bearish momentum is weakening.
ADA is currently trading around $0.62, but a breakout could be confirmed if the daily candlestick closes above $0.68. If that happens, the altcoin could target $0.76, $0.89, or even $1.01, guided by the push for a rate cut in October.
However, if the price falls below $0.61, the structure could weaken, paving the way for $0.50.
CZ dog (broccoli)
Rounding out the list is Broccoli (CZ dog). This is an unusual but increasingly popular altcoin that has been quietly gaining momentum ahead of the expected October interest rate cut.
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Unlike Dogecoin and Cardano, BROCCOLI is not among the top tokens by market capitalization. However, the whale’s accumulation pattern indicates that it is beginning to receive serious attention.
Broccoli fell just 4.4% in the past 24 hours, but its seven-day decline was only 2.4%. This shows relative resilience despite the overall market decline. And this stability seems to be attracting the attention of large investors.
According to the data, broccoli whale stocks increased by 8.9% in the past day. Additionally, mega whales (top 100 addresses) added 0.65% to their holdings.
Collectively, these cohorts accumulated over 7 million BROCCOLI tokens in 24 hours. This equates to nearly $170,000 at current BROCCOLI prices.
Despite the over 40% reduction in exposure by “smart money” wallets, the accumulation of whales and mega-whales reflects growing confidence in the short-term prospects of the tokens.
The Money Flow Index (MFI), a momentum indicator that uses both price and volume to measure buying and selling pressure, shows a clear bullish divergence.
From August 7th to October 14th, broccoli prices formed lower lows, while MFI formed higher lows. This means retail flows are increasing despite falling prices, suggesting growing accumulation rather than panic selling.
To confirm strength, Broccoli needs to close above $0.027, which could lead to a rally towards $0.035 and $0.043. On the other hand, if the price breaks below $0.018, the structure will weaken and suggest further downside.
