Whale Activity Lifts Key Altcoins

How Are Solana, Sui, and Dogecoin Trending?

Ali Martinez points out a significant breakout in Solana’s price, indicating a bullish trend as the cryptocurrency surges past the classical cup and handle pattern. Market data currently shows Solana is around $180, with future targets predicting a climb to $1,315. Meanwhile, Sui has also demonstrated upward momentum by successfully breaking a critical resistance in its three-day chart, setting its sights on a $7 target.

Dogecoin’s trajectory is also noteworthy. After pulling back to the $0.26 support level, which represents the base of a double bottom pattern, there is potential for the price to surpass $0.45, according to Martinez. This movement is essential for Dogecoin’s subsequent increase.

What Does Whale Accumulation Mean for Chainlink?

In Chainlink’s case, a substantial accumulation of LINK tokens by large investors underpins the coin’s future growth. Data from Santiment reveals that investors holding between 10,000 to 100,000 LINK have augmented their holdings by 1.60 million tokens over two weeks, indicating heightened demand. This accumulation offers a robust backdrop for a potential price rise.