A Giant Whale Accumulates These 5 Altcoins in the Post-Halving Market

By TheBitTimes
about 1 month ago
ONDO PEPE PEPE GIC BONK

A significant player in the cryptocurrency market has made a noticeable move, acquiring substantial quantities of five alternative coins. This action comes in the wake of the latest halving event, a time traditionally associated with potential market upswings. Investors and enthusiasts closely observe such moves, hoping to decipher possible trends that could signal the market's direction. As the bull run of 2024 unfolds, understanding these investments could be crucial for those looking to navigate the new cycle.

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Bonk Crypto Prices Swing as Interest Peaks

The Bonk crypto coin has seen a huge change over six months, up 6446.35%. In the last week, it climbed 27.03%, but the past month shows a slight drop of 4.78%. Bonk trades between $0.0000153 and $0.0000242. The current trend isn't clearly impulsive or corrective, but the movement indicators suggest mixed activity.

Predicting BONK's future is tricky. Even with a big six-month rise, recent price moves have been less steady. The support at $0.0000098 could hold if the price falls, or it could reach up to the resistance at $0.0000277. The indicators don’t point to a clear direction, showing BONK's path could go either way. Buyers and sellers both have strong cases.

Jupiter Crypto Price Movements and Analysis

Jupiter's price has seen a major increase over the past six months, soaring by 3827.33%. With a recent one week gain of 6.96%, the coin is trading between $0.96 and $1.28. However, in the last month, it dipped by 4.10%. Current trends indicate a blend of both impulsive and corrective moves, aiming for higher levels with the nearest resistance at $1.41.

Considering JUP's strong half-year run, investors are watching if it can break past $1.41. If successful, the next target could be $1.73. On the flip side, if it falls, support at $0.77 may hold, else it might drop to $0.45. The optimistic view is backed by a healthy RSI of 54.85, but the coin still needs to navigate cautiously with mixed signals from other indicators.

Pepe Crypto: A Dive into Its Market Movements

Pepe (PEPE) has seen a rise this week with a 17.15% price change, suggesting an impulsive move. Over the last month, though, the coin dipped by 13.59%, and looking at the past six months, it shot up by 586.75%. Trading between $0.000005 and $0.000007, PEPE is trying to break the nearby resistance at $0.000009. Its push is supported by a 65.94 RSI and a 75.76 Stochastic score, indicating a growing interest.

Predicting PEPE's direction is tricky, as the coin balances between recent gains and market uncertainty. The optimistic view hails the impressive six-month rally and the potential to overcome $0.000009. However, caution is advisable due to a possible retracement to the support level at $0.000004 or even $0.000002 if current support fails. With the RSI below 70, PEPE still has room before being considered overbought, but traders should watch for any shifts that could suggest a trend reversal.

Understanding Ondo Crypto's Price Movement

Ondo (ONDO) is currently trading between $0.64 and $1.03. In the past week, ONDO's value dropped by 9.81%, but over the last month, it increased by 10.08%. A significant surge occurred over the last six months, with a price jump of 2614.20%. The coin shows a mix of moves, lately leaning towards a correction from recent peaks.

Looking at ONDO, we see it resting below the first big challenge at $1.24, with a safety net around $0.47. If excitement grows, the next test awaits at $1.62. However, caution is key—there's a steep drop to $0.09 if support crumbles. With its average price lately around $0.80, and steadiness indicated by the RSI and MACD, some believe ONDO could climb, but it's a delicate balance.

Conclusion

A significant purchase of altcoins BONK, JUP, PEPE, and ONDO has caught market attention. Although these coins might see growth, they offer less short-term potential compared to BlastUP. BlastUP stands out with its solid concept and its integration within the Blast ecosystem. Its performance is indicative of strong potential, making it a key focal point for investors during the current bull run.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

Source: https://thebittimes.com/a-giant-whale-accumulates-these-5-altcoins-in-the-post-halving-market-tbt86014.html

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