The US Federal Reserve’s 25 basis point interest rate cut did not excite the crypto market much. Bitcoin and Ethereum remained in the red, with market capitalization down 1.6%, indicating that the decision is largely priced in. Still, what crypto whales will buy after the FOMC rate cut is an important topic.
Large investors have been quietly rotating into several tokens that show reduced selling pressure and strong technical setups. The data shows three assets where whale accumulation has accelerated since the policy shift, and each is showing signs of building confidence heading into November.
Cardano (ADA)
The number of whales holding between 1 million and 10 million ADA has increased steadily since yesterday, with their holdings increasing from 5.57 billion ADA to 5.59 billion ADA. This equates to an addition of approximately 20 million ADA, or approximately $12.8 million at the current price of $0.64.
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This small population of whales often leads early buying cycles before larger holders follow. Cardano has fallen about 20% over the past month, but a resurgence in whale activity suggests a recovery is possible.
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On the 12-hour chart, ADA is trading inside a symmetrical triangle, reflecting indecision but also consolidation prior to the breakout. The token continues to hold support at $0.64, and above $0.66 the price could head towards $0.68, a 6.5% increase.
If this momentum continues, $0.73 will be the next resistance level. The Wyckoff volume chart, which tracks buying and selling pressure through volume patterns, shows that sellers have lost control since October 29th. A similar change occurred between October 22nd and 23rd, immediately after which the price increased by 9.37%.
Whales may be betting on a relapse, making this one of the clearer examples of crypto whale buying following the long-awaited Fed rate cut. However, a $0.64 loss could cause the ADA price to fall to $0.62 or even $0.60. That would invalidate the whale-led optimism.
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Ethena (ENA)
Besides Cardano, another token that saw whale activity resume after the FOMC rate cut is Etena (ENA).
In the past 24 hours, the ENA cohort (a large group of whales that can drive strong market movements) has increased significantly by between 100 million and 1 billion whales. The combined holdings of both companies increased from ENA 6.79 billion to ENA 6.9 billion, an increase of ENA 110 million, equivalent to approximately $46.2 million at current prices.
This accumulation occurred after a volatile month in which Ethena’s price fell by 21%, mirroring Cardano’s trajectory. However, recent buying suggests that the whales are poised for a reversal.
On the 12-hour chart, ENA is trading inside a widening wedge. This is usually a bullish pattern that suggests a possible breakout after the structure tightens. Ethena attempted a breakout on October 27th but failed as a hidden bearish divergence formed.
This occurs when the price forms lower highs while the relative strength index (RSI), which measures buy-versus-sell strength, forms higher highs. This indicates that sellers have regained short-term control and shortened the bull market.
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Still, Ethena has rebounded from key support at $0.41, and if it holds, a move towards $0.45 (immediate resistance) and then $0.53 could develop. A sustained break above the wedge’s current upper trendline at $0.49 would confirm a bullish reversal and open the door to $0.65.
Notably, RSI and price are starting to move in sync again, and the previous divergence has been nullified.
If this correction continues and $0.41 remains intact, the whales may be right. ENA may be bracing for a rebound from the post-FOMC lows. However, the bullish outlook may disappear if ENA breaks through this important level. That would open the door to lower levels of $0.34 and even $0.28 in the short term.
ASTER
The third token that has seen increased accumulation since the FOMC rate cut is ASTER, a decentralized perpetual trading platform.
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Crypto whales have been actively purchasing ASTER in the past 24 hours, adding 26.43% to their holdings. Currently, its total balance is 15.67 million ASTER. This is equivalent to approximately 3.27 million ASTER, or approximately $3.33 million at current prices.
This sudden increase in whale accumulation indicates increased interest from large traders, making ASTER one of the strongest crypto whale buys following the rate cut.
Over the past month, ASTER has given up 43.2% of its profit, confirming a clear downtrend. But that trend may now be nearing a reversal. And the technician will give it to you.
On the 12-hour chart, ASTER is trading within a descending expanding wedge. This is a bullish pattern that often leads to an upside breakout when the price crosses the upper trend line. The $0.93 level acts as strong support and continues to hold. If ASTER is able to break above this level, the next immediate target is $1.12 and then $1.28. A definitive breakout above $1.79 would confirm a larger trend reversal.
From October 10th to October 29th, the price formed lower lows, while the RSI formed higher lows. This is a bullish divergence and often signals the beginning of a rebound. This setup, coupled with increased whale accumulation, supports the idea that buyers are regaining control.
If these levels hold, ASTER could enter a strong recovery phase. If that happens, it will definitely feature among the things crypto whales are buying this week. However, a loss of $0.93 would end the short-term bullish outlook and set ASTER up for new lows.
