Whales offloading altcoins: $SHIB , $ADA , $ZORA are in the crosshairs 🐋
The altcoin market is 'shedding feathers' as whales start to offload heavily. Since October 13, the market capitalization of altcoins (excluding BTC) has evaporated by more than 11%, from 1.62 trillion USD to 1.45 trillion USD.
🔹 Shiba Inu (SHIB):
Large wallets sold over 3.6 trillion SHIB (~355,000 USD). The hidden bearish divergence pattern indicates a potential continuation of weak prices, easily dropping to 0.0000092 USD if support breaks.
🔹 Cardano (ADA):
Whales reduced around 30 million ADA (~19 million USD). Losing confidence after ADA fell out of the uptrend channel. If it breaks 0.61 USD, the risk drops to 0.59–0.50 USD, while the important recovery level is 0.86 USD.
🔹 Zora (ZORA):
After rising more than 60% in a month, large wallets are cashing out ~390,000 tokens. If it breaks 0.091 USD, the possibility of retreating to 0.083–0.065 USD exists; however, closing above 0.10 USD may reopen the bullish wave.
👉 In summary: Whales are clearing the table, altcoins are likely to experience significant volatility at the end of October. Those who are brave can pick the bottom, while the cautious can… sit back and watch the whales swim to relieve stress 😎
⚠️ This article is intended for informational purposes only – not investment advice. Investing alongside whales may risk being swallowed by sharks :v